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UK property prices record sharpest fall since late 2007

Posted on 15 November 2010

From Guardian: UK property asking prices have recorded their biggest monthly drop in nearly three years as desperate sellers try to get the market moving ahead of the Christmas slowdown.
According to the Rightmove House Price Index, new sellers cut their asking prices by 3.2% in November – the largest decline seen since December 2007. The index said there was now an “unseasonably high number” of unsold properties on the market amid a dearth of first-time buyers and buy-to-let investors……………………………………….Full Article: Source


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