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The Land Registry reports that house prices in England and Wales fell by 13.5% in 2008. The average house price is now £158,946. In London the average price fell by 12.9% annually to £307,071, a level similar to prices experienced in late 2006.Figures based on completed transactions show that the average house price fell by [...]
More: Land Registry reports 13.5% fall in 2008 house prices |
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I expect prices will probably fall another 10% on 2009 too.
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