Average house drops £35k a year

Story link: Average house drops £35k a year

It is not a nice thought to think that your house is dropping at such a rate. With the average house dropping around £2,500 last month alone, that means that even a person above the average wage is effectively working for nothing. Earnings are basically offset by the drop in house prices, meaning that the average earner, is effectively earning nothing!

Average house drops £35k a year

House prices in London have fallen by £35,300 on average in the past 12 months, new figures show today.
Property values slumped by at least £2,500 last month alone, according to price monitor Hometrack.