Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Biggest fall for UK house prices in 25 years

Staff Reporter 1 minute read

UK house prices fell by the highest annual rate in a quarter of a century as pressure on household incomes and dwindling availability of mortgage finance hammer property markets.

In August, house prices fell again, this time by 1.8 per cent to bring the annual decline to 10.9 per cent.

The average UK house price now sits at £174,178 (A$375,986).

The news follows Chancellor Alistair Darling’s bleak admission last week that Britain was facing the greatest economic downturn in 60 years.

Published: 05-09-08

Advertisement
Advertisement

Related Articles

Grave forecasts for the UK 01-09-08



Biggest fall for UK house prices in 25 years
default
TheAdviser logo
default

TODAY'S POLL

View results >

Who do you aggregate through?

Thank you for your vote, you can see the results here.

more from the adviser
court gavel ta Court rules against bank for ‘unfair’ loan terms

The Federal Court has declared a number of loan contracts entered...

APRA RBA ta RBA, APRA sing different tune on serviceability buffers

APRA chair Wayne Byres has dismissed the need for a cut to the bu...

loanapplication Remodelled FHB scheme cops backlash

From 1 July, all applications for the FHLDS will require a Notice...

FROM THE WEB