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UK Property prices fall

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  • UK Property prices fall

    A report from HBOS Plc has established that property prices in the UK fell for the first time in 9 months last month, furthermore, mortgage rates increased and lenders became more wary. The average cost of a property in the UK fell 0.6% to £198,500 from a month earlier compared with a 0.3% gain in August. Property [...]

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  • #2
    Straws in the wind for sure but remember that property price data from mortgage lenders aren't robust enough to be able to talk about fractions of a %. Interpret as prices beginning to stagnate.

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    • #3
      Indeed - though the collapse of the commercial property market appears to have started, which doesn't bode well for the residential market.

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