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London house-price drop wipes out gains from 2010 rally, Rightmove says

Posted on 16 August 2010

From Bloomberg: London home sellers cut 17,000 pounds ($26,500) off their asking prices on average in August, wiping out gains recorded in the first half of the year, Rightmove Plc said.

Asking prices in the capital fell 4.1 percent on the month to an average 405,058 pounds, the operator of the nation’s biggest property website said in a report today. The drop is the biggest in two years and returns values to levels seen in January. Prices across England and Wales fell 1.7 percent…………………………………….Full Article: Source


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