Monday, 28 April 2008

House prices are now lower

So the latest Hometrack survey shows house prices lower than a year ago. This survey also showed a yearly negative figure during 2005 as the market slowed.

The real show this week is from the figures from Land Registry today, although these figures reflect properties that were under offer up to 6 months ago.

Nationwide data is out on the 29th and will most certainly show a negative month with a first negative year since 1992.

And the bank of england data is also out tomorrow which will show the scale of the collapse in lending.

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