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Posts Tagged ‘The Guardian’

Prices of homes dropping at fastest rate since 1952

Posted in Property News, tagged , , , , , on November 6, 2008 | Leave a Comment »

Nationwide said prices fell 14.6% over the past 12 months to £158,872, and dropped 1.4% in the month to October – the 12th monthly fall in a row. Economists have predicted that house prices have a lot further to fall. Howard Archer at IHS Global Insight, said: “Faster rising unemployment, major concerns over recession and [...]

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Property market recovery expected by 2023

Posted in Property News, tagged , on October 16, 2008 | Leave a Comment »

According to Andrew Clare, professor of asset management at London’s Cass business school, property prices will slump even further than current levels before bouncing back, reports the Guardian. By 2010, Mr Clare predicts house prices will be 40 per cent lower than they were at their peak during the summer of 2007 – when an [...]

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