Tuesday, June 7, 2011

More bad news for homeowners as house prices tumble 4.2 per cent | Mail Online

More bad news for homeowners as house prices tumble 4.2 per cent | Mail Online: "The average price of a home in Britain has plunged by nearly £130 every week for the last 12 months, an alarming report revealed today

Over the last year, house prices have dropped by a total of 4.2 per cent, the biggest annual fall since October 2009 during the depth of the recession.

The scale of the price plunge is massive, equal to the amount that a typical family spends on their weekly supermarket shop."

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