House Prices Keep Falling
House prices fell for the 15th month in a row in January, which is the long run of falling house prices on record.According to new figures from Nationwide, the average price fell by 1.3% in January to £150,501. The average price is now 16.6% lower than 12 months ago.
With the current recession and credit crunch and therefore ongoing uncertainty, we see no reason why house prices will recover in the short term.
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