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U.K. house prices rise to three-year high as holidays curb property supply

Posted on 16 May 2011

U.K. home sellers raised asking prices to the highest since June 2008 this month after public holidays in April limited the supply of property for sale.
Average asking prices rose 1.3 percent from the previous month to 238,874 pounds ($388,700), London-based Rightmove Plc, the operator of the U.K.’s biggest property website, said in a report today. From a year ago, prices are up 0.7 percent……………………………………….Full Article: Source

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