Manoj Ranaweera » rightmove http://manojranaweera.com Helping techentrepreneurs (techcelerate.org) whilst growing my techstartup (edocr.com) Tue, 09 Aug 2011 05:43:42 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 House Prices drop by 2.9% in November 2008 http://manojranaweera.com/2008/11/17/house-prices-drop-by-29-in-november-2008 http://manojranaweera.com/2008/11/17/house-prices-drop-by-29-in-november-2008#comments Mon, 17 Nov 2008 08:12:17 +0000 ManojRanaweera http://manojranaweera.com/?p=725 Continue reading →]]>

Are we heading for negative equity? I believe we have already reached this point, especially if home owners have remortgaged their houses in good times, we all enjoyed during the last decade or so.

The house price index published today by Rightmove indicates a sharp decline of 2.9% this month as home owners rush to cash in before further melt down in the housing market. This has increased the annual year-on-year change to negative 7.1% from negative 4.9% reported last month.

The full report can be accessed below:

The Rightmove - House Price Index - November 2008

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