Thursday, July 31, 2008

Record house Price drop reported by Nationwide.

The Nationwide building society has released their latest price survey indicating the largest drop in house prices in a single year since their records began in 1991, during the last housing collapse. Prices fell by 8.1% back to levels last seen in mid 2006.

Grim news indeed. So what happened to no more boom and bust?

The BBC has this.

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