UK house prices fell at their fastest annual pace in nearly three years last month, according to data from the Nationwide.
The was a 0.7% fall in July taking prices 2.6% lower than a year ago.
Is this a big surprise. Lets face it the economy is hardly booming!
Prices are now 13% below the 2007 peak
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2 comments:
Houses prices may be falling but rents are sky rocketing in London. If you are an investor if your dividends is paying off why worry?
London's the exception as there's just a massive housing shortage there compared to jobs which is contributing to prices STILL increasing.Property prices have stabilised due to low transaction volumes.
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