The average asking price for a home in London declined 2.5 percent to 384,439 pounds ($774,000) from August, according to Britain's biggest real-estate Web site. The reading is taken from a survey conducted from Aug. 12 to Sept. 8.
Via Bloomberg
The RighMove House Price Index September 2007
Friday, September 14, 2007
London House Prices Fall Most in Three Years, Rightmove Says
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5 comments:
Maybe something relating to stories like that (this one is too recent thus to explaine the move but the trend is no surprise): http://ukpollingreport.co.uk/blog/archives/1031
@vonric
yes it's all related. After years of low interest, and low risk premium this is the correction.
Nothing unexpected there.
Just a return to the fundemental - rental yield all over the USA, and Europe. France is falling for the second month.
at an annual rate that woud be a staggering 27%
I immediatly thought about you:
http://news.bbc.co.uk/1/hi/business/7029832.stm
Hey hey
Nice catch... on another bbc article
"Across England, the cost of renting was generally up to 30% cheaper than a mortgage on the same property."
http://news.bbc.co.uk/1/hi/uk/7029135.stm
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