Halifax numbers were out today, and they made for grim reading. Down 2.5% on the month SA and 1.5% NSA. Annual appreciation is down to 1.1%

http://www.hbosplc.com/economy/includes/08_04_08HousePriceIndexMar2008.doc

Good job we have sound economic fundamentals to support the housing market, and it would be even better if sound economic fundamentals was a leading rather than a lagging indicator - see the U.S. one year ago.

This has really knocked the Spreadfair numbers - a couple of weeks ago the U.K. was priced at 181k by the end of this year

http://www.introducertoday.co.uk/News/Story/?storyid=763&title=Confidence_in_house_prices_on_the_rise&type=news_features

today's spread was 167/176 - down around 10k, or around 6%. The London market is 269/276.