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U.K. house prices drop to 2 1/2-year low before ‘uncertain’ 2012

Posted on 09 January 2012

Britain’s property market faces an “uncertain” year after a weakening economic recovery dragged house prices to their lowest level in 2 1/2 years, Halifax said.

Values dropped 0.9 percent to an average 160,063 pounds ($248,000) last month, the cheapest since July 2009, the unit of London-based Lloyds Banking Group Plc, Britain’s No.1 mortgage provider, said today. Values fell 2.2 percent from a year ago………………………………………Full Article: Source


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