Thursday, 31 July 2008

Nationwide July Housing data out today

Nationwide have released their July data report today here

The data shows a drop of 1.7% for the month with an annual change of -8.1% house prices are now down over £16,000 or -9.8% from their peak in October 2007.

Good news for first time buyers looking to enter the market as house prices become more affordable. Not so good news for those who overstretched themselves and jumped on the property bandwagon in the last few years.

See Fionnula Earley on SKY

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