March 29, 2012 Leave a comment
A report by Nationwide has found that house prices have taken the biggest tumble from February to March this year by 1%, since a 1.5% drop in prices in February 2009. The report comes following the end of the Stamp- Duty concession which came to an end this March.
The report found that house sales took a temporary surge in the last few months as first time buyers rushed to close purchases on houses before the stamp duty concession came to an end, however economists predict that prices will only continue to decrease as the weak economy continues to burden the housing economy. Read more of this post