Londons house prices take a dramatic fall
According to the latest figures brought out by rightmove.co.uk the falling prices of housing in London in frightening with the prices in the capital falling at 5.3 percent between July and August.
The house prices in London have remained high for some time now but the shocking truth has now been reflected, resulting from the lack of buyer interest and the mortgage drought.
On average £21,000 has been taken from the value of homes in London in the space of four weeks, which is approximately the equivalent of £750, or even more frightening £31 an hour.
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August 18th 2008
- Woolwich cuts rate on BTL mortgage range
- Small falls in rates won’t help the housing market
- Let property investors benefiting from the credit crunch
- Investigation into Instant Access Properties Ltd (IAP)
- Housebuilders desperate, but not that desperate it seems
- Merger creates largest landlord association in the UK
- B and B still to pay for unsuccessful deal
- Prudence is the key for buy to let investors