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After 9 months of successive growth, the price of prime properties has started to fall, but the overall prices have risen by 4% since this time last year, further boosting prices by a further £20,000. Still leading the race by a long way is London property and the price differences are becoming so fast that [...]  Home sellers were obliged to reduce their average sale price by nearly £8000 during the last month, recent figures revealed. This of course adds even more troubling news to the severely slumping housing market. The reduction reflects the largest fall since December 2007. Many economists are expecting housing prices will plummet another 10 per cent by [...] Official figures have shown that house prices have decreased for the first time in the past year with the average home dropping about .2% in value between the months of April and May. The data was compiled by Land Registry and displays the first month on month fall that has been reported since April of [...] |
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