Land Value Taxation Campaign

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Home Current Affairs House price fall accelerating

House price fall accelerating

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The Halifax Building Society reports that "house prices" were falling at the fastest rate since it started its monthly survey in 1983. This has been widely reported, for example in this Daily Telegraph article.  Elsewhere, comparisons are now being made with the collapse in the 1930s. Of course, what is falling is what had been bubbling up until 2007 - land prices. But nobody seems to have noticed.

 


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