From Bloomberg: U.K. house prices fell for a sixth month in December and will extend their decline in 2011 on “weak” demand and tighter mortgage-lending conditions, Hometrack Ltd. said.
The average cost of a home fell 0.4 percent from last month, and prices will drop a further 2 percent in 2011, the London-based property researcher said in an e-mailed report today. A separate release showed the majority of U.K. retailers predict a decline in sales next year……………………………………….Full Article: Source