FTAdviser.com

Well it might be a new year, but like the hangover that many of us were feeling yesterday, unfortunately the financial and economic woes of 2008 are still hanging around like a bad smell.

Just like pretty much all of the 366 days of 2008, the first official ‘working’ day of 2009 has brought more financial bad news. Top of the list is the revelation that the average house price dropped by more than £100 a day last year to levels last seen in August 2004.

Actually, given that the average house price dropped £37,178 over the year, according to the latest figures from Halifax, the reduction was actually £101.58 a day - but who’s counting.

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