Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

15Oct92 UK: PRICES TAKE RECORD TUMBLE.

House prices plunged last month following the reintroduction of stamp duty and the collapse of economic confidence in the wake of sterling's exit from the European exchange rate mechanism.Desperate sellers cut prices by an average of £2,000 creating a record monthly price fall of 3.1 per cent, according to the Halifax Building Society.The Halifax figures back up claims made by house builders that the slight glimmers of a recovery seen earlier this year have vanished.And they add ...

Subscribe now for unlimited access and receive...

  • The latest client and contractor news
  • Interviews with industry leaders
  • Insight into contractors’ strategies, performance and contract activity
  • Market data, industry trends and forecasts
  • Technical reports on innovation and best practice techniques

Register for guest access and receive...

  • One free article per month
  • Breaking and Daily News alerts straight to your inbox
  • Expert opinion and Editor's Comment articles
  • CN Briefings on the day's talking points
  • Picture galleries showcasing the biggest projects

Already a subscriber? Click here to sign in

Print subscriber? Activate your digital account here