Nationwide have just released their May house price data. This is showing the worst data since their records began and that house price falls are accelerating.
-2.5% for the month of May and -4.4% for the year.
www.nationwide.co.uk/hpi/historical/May_2008.pdf
Looks like Gordon Brown has managed to create a mega bust.
see Sky news breaking news here.
Thursday, 29 May 2008
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