Rate Rises Start to Bite As Welsh House Prices Keep Falling
Western Mail › September 03, 2007
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Summary
The Welsh house price boom has come to an end, with new figures showing a sustained slowdown hitting the market. Figures from the Land Registry show prices fell 0.4% last month to an average of pounds 138,738. For the first time since April 2000, the market has seen two successive months of negative growth, with the July figures following a 1.1% drop in June.
Annual house price growth is now at 5.8%, a far cry from the heyday of summer 2004, when annual price inflation hit 27%.See the full content of this document
Extract
Rate Rises Start to Bite As Welsh House Prices Keep Falling
The Land Registry figures are seen as the most accurate reflection of the state of the market. The figures are based on actual compl...
See the full content of this document
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