The Bubble Goes Bang

I started this blog in June 2007 asking these questions: Are we in a massive asset bubble that will blow up in our faces ??? - ANSWERED YES ! Is western and particularly British society on the verge of social collapse??? What are the best common sense long term investment strategies to keep you rich? When will consumption/debt bubble economics end and a real savings/production economy begin ???

Tuesday, 28 August 2007

House prices hit a standstill

House prices slowed to a standstill during August, according to the latest survey from Hometrack, the property website.

The group recorded the lowest rate of monthly growth since November 2005, with average house prices "unchanged".

London, the real engine for house price growth over the last 18 months, was the only region to record a price increase over August. However, it was a rise of just 0.1pc. Three regions recorded price falls of 0.1pc, namely Yorkshire and Humberside, the North and South West.

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Posted by AC at 13:48
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