House Prices Suffer Steepest Fall in 15 Years
House prices has suffered their sharpest fall in 15 years, accordng to latest figures released from Halifax.According to the Halifax's figures, prices fell 2.4% in May, with prices down 3.8% on this time last year.
Howard Archer, chief economist at Global Insight, said: "The latest data on the housing market are undeniably alarming. Clearly, the downward pressure on house prices coming from stretched buyer affordability and tight lending conditions is now biting hard."
Despite this fall and the pressures on the house market, the Bank of England has left interest rates unchanged tod ay, due to increasing inflationary pressures.
Quick House Sale Calculator
Fall Through Index
Refer a Friend
T: 0800 068 3366 
Email Us
0 Comments:
Post a Comment
Links to this post:
Create a Link