From the guardian:
House prices suffer record fall
July 31: House prices suffer record fall House prices continued to fall in July, recording their largest year-on-year drop since the property market crash of the early 1990s, figures from Nationwide building society showed today.
The average price of a home in the UK is now £169,316 - almost £15,000 less than 12 months ago and lower than it has been at any point since August 2006.
Prices fell by 1.7% over the month, Nationwide said, more than double the 0.8% fall in June recorded by the society. The annual rate of decline is up from 6.3% last month to 8.1% - the largest year-on-year fall since Nationwide's price index began in 1991.
And from our local paper:
Tower Hamlets sees prices rise
LONDON bucked the national trend of monthly price falls with a 0.3 per cent increase on asking prices from June to July. Tower hamlets saw the largest monthly hike at 4 per cent with the average price climbing from £412,431 to £429,514, according to research by rightmove.co.uk.
Anyway my flat is still up for sale (nobody has visited for about 3 weeks now) and I haven't dropped the price yet. and my tracker mortgage ends today, so tomorrow it will be the standard banks (6.49%) based rate until I sort it out...
eek! time again to book an appointment as there is no point hanging on for a sale.
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