UK Money News
4th April 2008
Cheaper homes hit worst by slowdown
The slowdown in the property market is disproportionately affecting the value of more affordable homes, it has been revealed.
According to a study conducted by Chesterton Estate Agents, the value of the cheapest 20 per cent of UK properties has fallen by 0.1 per cent to £418 billion.
However, the top 20 per cent of homes by value have increased by 0.3 per cent and now have a total value of £1,117.
Commenting on the trend, Richard Davies, a sales and marketing director at Chesterton, said: "As the impact of the credit crunch feeds through to the property market, we are noticing buyers are becoming more cautious.
"While price reductions are more common in the bottom end of the market, the top end is certainly not immune. There is a trend of buyers at the upper end of the market who require no or very little finance and therefore are not impacted by the credit crunch."
The study also noted that property prices in London, which have hitherto resisted the slowdown, fell in 14 of the city's 32 local authorities during March.
back to April's Money News
This article and more Latest Money News can be found on MoneyCrocodile.co.uk
Personal Loans from UKPersonalLoans.com
Personal Secured Loans for Homeowners and Personal Tenant Loans for Non-Homeowners. You can apply online for an Any Purpose Loan or Personal Debt Consolidation Loans or use one of our Loan Calculators.
Debt Advice from ReduceDebt.com
Debt problems? Refused a loan? Got CCJ's or Arrears? Get the best advice and help by enquiring online. Our Debt Professionals will help you whatever debt problems you have. Some of the options available to you are Debt Management, Debt Consolidation, Debt Couselling and IVAs,
UK Personal Finance from MoneyCrocodile.co.uk
UK Online Personal Finance site covering: Loans, Mortgages, Credit Cards, Insurance, Debt Advice, Bankings and Savings, Finance Tools and Money Jargon. We also cover Any Purpose Loans, Secured Loans, Personal Loans, Tenant Loans, Car Loans and Debt Consolidation Loans. If you are looking for Personal Finance let Money Crocodile put a smile on your face.
Car Loans from GBCarLoans.com
Don't just accept the dealers finance - get a quote from us before you buy!. UK Car Loans for New Cars or Used Cars: Supermini, Small, Hatchback, Saloon, Estate, MPV, 4x4, Sports, Luxury, Executive, Cabriolet or Classic Car.
Tenant Loans from TenantLoan.com
If you're looking for a low cost tenant loan, then look no further. We aim to find you a highly competitive interest rate and you can borrow anything from £5,000 and £250,000 with up to 25 years to pay.
