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U.K. home sellers cut asking prices most in a year as uncertainty mounts

Posted on 21 November 2011

U.K. home sellers cut asking prices by the most in a year this month as the escalation of the euro- area debt crisis deterred buyers and increased uncertainty about the outlook for the economy, Rightmove Plc (RMV) said.
Average asking prices in England and Wales fell 3.1 percent from October to 232,144 pounds ($367,650), the biggest monthly drop since November 2010, the operator of Britain’s biggest property website said ……………………………………….Full Article: Source


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