To celebrate this month's house price falls, Ms E has popped back to 2003:
“The rate of house price falls moderated significantly in November. Prices fell by just 0.4% in the month compared with 1.3% in October. This brings the annual rate of house price falls to 13.9%, down from 14.6% last month. The price of a typical house is now £158,442. This is about £25,000 less than this time last year but is still about £25,000 higher than in November 2003."
Oh noes! We visited 2003 a few months ago, the comparison with today looked a lot rosier then didn't it?
"The price of a typical house in the UK is now £179,110, only £2,027 more than this time last year. However, prices are still 11% higher than two years ago and 47% higher than five years ago - the equivalent of a price rise of more than £30* per day for the last five years."
* That's down to £14 per day, using today's prices.
Import the Third World
1 hour ago
2 comments:
Wow. It almost sounds like house prices are going up again. Where do I go to make an offer?
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