Despite the sharp jump in prices, August's data do not change the picture of a strong downward trend in the annual rate of house price inflation, |
Every week there were stories in the paper about people making more on their property than going into the office. |
People were buying thinking they'd rent it out and make 15 or 20 percent appreciation, but now they're left with only the rental yield. |
What we're seeing now is the first signs of stress. |