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House prices drop the most in 16 months, Hometrack says

Posted on 31 August 2010

From Bloomberg: U.K. home values dropped in August by the most in 16 months as the housing market endured a “modest re-pricing” that is likely to last as long as a year, Hometrack Ltd. said.
The average cost of a home fell 0.3 percent from the previous month to 158,200 pounds ($246,000), the London-based property researcher said in an e-mailed statement today. That was the biggest drop since April 2009……………………………………….Full Article: Source


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