Housing market in freefall
From the BBC"The Principality, the Welsh-based building society said years of rapid price rises had begun to slow.
According to the Principality's survey, price increases in the 12 months leading up to June 2004 were at 32% - slower than the 32.2% increase in March's figures."
At that rate (0.2% slower growth per quarter) house prices will level off in 40 years, when they'll be 20 times higher than now, bringing the average house price in the principality to £2.5m.
posted by Matthew @ 7/09/2004 11:49:00 AM
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