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U.K. Home prices decline as property demand drops most in almost two years

Posted on 29 November 2010

From Bloomberg: U.K. house prices fell for a fifth month in November as demand for property dropped the most in almost two years, Hometrack Ltd. said. The average cost of a home fell 0.8 percent from October to 155,000 pounds ($242,900), the London-based property researcher said in an e-mailed statement.
Demand for homes, measured by the change in new buyers registering with real-estate agents, fell 4.3 percent, the biggest decline since January 2009…………………………………….Full Article: Source


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