Wed, 05 Dec 07
The east end of
While some parts of the capital have seen prices rise steadily thanks to a great deal of interest from bankers and overseas investors, this doesn't seem to be the case for all parts of
The Newham Recorder reports that the borough of Newham in the east end has actually seen prices fall by as much as 0.7 per cent in a Month, with the average property now worth £259,267.
This is despite the average price of a house in
Property boom coming to an end?
National Homebuyers, the
"Property prices actually beginning to fall, as well as the slowing of price rises seen in Nottingham and York.
"We stated in late-2006 that by the end of summer 2007 many areas would begin to see a drop if interest rate rises continued to rise. This process has already started and homeowners should be aware that a property place on the market this month will be cutting it fine to be completed before Christmas."
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