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ESTAPLACE.COM REAL ESTATE - FREE LISTING SERVICE -
is an accommodation and real estate directory, where real estate property owners or real estate agencies connect with vacationers and home buyers worldwide. If you are a seller, you can add listings in few seconds, and if you are a buyer you can search listings to find your dream property!
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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 29 Aug 2005 00:06:09 -0700
/ Author of the message: "Axqi" |
Title of the message: |
Guardian: UK house prices fall 14 straight months
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Text of the message: |
14th month of house price falls Charlotte Moore Monday August 29, 2005 The Guardian House prices fell for the 14th month in a row and show no signs of recovery in the near future, a survey shows today. Hometrack said national house prices fell by an average of 0.1% this month compared with July and have declined by an average of 3.7% over the past year. The national average price is =A3161,000, down from a peak of =A3167,000 in June last year. After almost a decade of rising house prices, the market has cooled rapidly over the past year in response to the Bank of England's monetary policy committee progressively raising the cost of borrowing from 3.5% in November 2003 to 4.75% last August. Signs that the economy is now weakening - growth in household spending is stagnating and manufacturing is in recession - prompted the MPC to cut rates by a quarter-point this month to 4.5%. |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.