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UK: Signs of property market bottoming out

Posted on 10 December 2010

From Thisismoney.co.uk: House prices fell 0.7% in the three months to November compared to the same period last year, figures revealed today - the first fall on that measure since November last year. But Halifax also said prices dipped just 0.1% last month, encouraging hopes that the housing market is bottoming out.
The country’s leading lender said there were signs homeowners were becoming more reluctant to put properties on the market, which would help to rein in falls……………………………………….Full Article: Source

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