London house prices slip 0.8% last month

The drop in London prices in October is the biggest single month fall for 10 years. Unsurprising given that the trend has been up due to a widespread belief that houses only go up in value.

The daily barrage of news about looming recession, tighter lending conditions on new borrowing and reduced availability of funds to borrow, high street retailer reporting lower sales is clearly scaring the “real economy” and belt tightening is the order of the day.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: