Tuesday, 28 July 2009

The red hot housing market

In this chart, red indicates house price crash.

Despite the 0.1 percent property price increase in June, virtually all counties in England and Wales have recorded huge annual price declines.


roym said...

is 20% the largest fall?
i thought we needed another 20? i suppose people saving their for their deposits will need another year

boiling frog said...

I don't think the land registry map designers expected house prices to fall. If prices went down more than 20pct what colour would they use?
Well, its probably academic as while prices will continue to fall, the rate of fall will probably ease off.