
Also, check out the estate agent scaremongering. According, to the Nationwide's Fionnuala Earley, it costs £52 a day if you don't buy a house right now in St. Albans. Well, that has me convinced. I am going to find the nearest estate agent first thing tomorrow, just in case I miss out.
HOUSE PRICES in St Albans are now the most expensive in the UK, a Nationwide survey has revealed. Figures released for 2006 reveal a seven per cent rise in the value of homes, pushing the average price of a property above £300,000 - well beyond the reach of most first time buyers and key workers.
Fionnuala Earley, Nationwide's most senior economist, said: "St Albans is now the most expensive town to buy a house. The average price breached the £300,000 mark in the third quarter of this year and reached £304,872 by the end of the year." Earley added that buyers could expect to see prices rising by a further £52 every day in the coming months.
Chris Cooke, a director at Daniels Estate Agents, London Road, said a combination of top schools, beautiful countryside, big City salaries and a lack of available properties were forcing many buyers off the property ladder.
2 comments:
St. Alban's is such a crap-hole too
Interesting videoclip on the US housing market
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