Many of you may think that this is nothing; an anomaly, but those of you that are not blinded by government lies will understand the importance of this small statistic.
At its best this symbolises the peaking of the market and at worst, the beginning of a crash that will make that of 2008 look like a walk in the park. The drop symbolises buyers waning ability to meet the rapidly accelerating asking prices that has driven this madness.
Comments from Rightmove director Miles Shipside echoed this sentiment: “London itself is now marking time. It’s an example to the rest of the country of what happens when affordability and common sense get stretched too far.” “Parts of London appear to have hit the upper price buffer”.
Cautious words from the head of one of the country’s biggest online estate agencies which would suggest even he feels that the problem is worse than he is letting on. Bubbles tend to quickly unravel once they’ve hit their peak, usually just a few months between zenith and nadir.
With interest rates set to rise soon, falling house prices and high mortgage payments will lead to incidences negative equity and mortgage prisoner’s rising into their millions. Rescue My Properties can help spare you from this storm by getting your finances back on track before the worst hits.