Thursday 8 July 2010

Property Prices Down 0.6%

Like a child in a holiday park pool, house prices are on the slide.

Ok, so a 0.6% drop in June is no cause for backflips, somersaults or any other kind of visual celebration. But it's a step in the right direction. A wake-up call to vendors who continue to take the piss by asking for prices they might have got at the peak of the housing market back in 2007, but won't get now.

If you don't like the fact that the roof over your head isn't worth what it was a few years ago, take it off the market and stay where you are. Stop flooding estate agents with ridiculous asking prices that will see your home stay unsold until Christmas.