Originally posted by DimPrawn
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November 2010 | Rightmove House Price Index November 2010
November sellers cut their asking prices by 3.2%, the biggest monthly drop since December 2007.
Falls now recorded in 4 out of the last 5 months, as year-on-year price growth heads for zero.
Unseasonally high number of unsold properties and longest ever time on the market mean sellers face tough competition, while winter buyers hang back waiting for bargains.
FFS, is the BoE just going to stand by and let house prices fall?
Print some trillions ££££ you *****!
November sellers cut their asking prices by 3.2%, the biggest monthly drop since December 2007.
Falls now recorded in 4 out of the last 5 months, as year-on-year price growth heads for zero.
Unseasonally high number of unsold properties and longest ever time on the market mean sellers face tough competition, while winter buyers hang back waiting for bargains.
FFS, is the BoE just going to stand by and let house prices fall?
Print some trillions ££££ you *****!
Let the prices come down, people go bankrupt as this means I will have to get a smaller deposit to actually buy. At the moment I need £50,000 to buy a £250,000 house, that is a ridiculous amount of money and will take years for me to save up.
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