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UK property prices could drop 5 pct in 2011-Rightmove

Posted on 13 December 2010

From Reuters: Asking prices for homes in England and Wales have fallen 3.0 percent over the past month to stand just 0.4 percent higher than a year ago, due to economic uncertainty and low mortgage approvals, property website Rightmove said on Monday.
December’s fall follows a 3.2 percent decline in November, with further drops possible in 2011 when Rightmove predicts a decrease of as much as 5 percent for the year if property repossessions pick up……………………………………….Full Article: Source


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