Property Crumble

property price losses in 2011

To date, the average property owner has lost just under £1,900 on his property since Jan 2011.

 

This chart shows the impact of slow property prices coupled with sharply rising inflation. This analysis also assumes a 1% per year maintenance cost. Clearly, for apartments and large detached houses, this cost will often be higher and therefore the losses will be greater.

This analysis is based on an average property value of £162,000.

Therefore, for London based property, where the average price is around double the UK average value, then the losses per average London property will be closer to £3,800.