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UK: Average house prices fall again

Posted on 19 January 2012

House prices have fallen for the second month in a row, with the majority of first-time buyers “stuck” in the rental sector because of the need for large deposits. The LSL Property Services/Acadametrics house price index for November showed prices fell by 0.2%, taking the average house price to £147,202.
Figures revealed the price of flats fell by 2.2%, reflecting the struggle faced by first-time buyers. Prices were highest in Edinburgh and Aberdeen, where the average house costs a respective £217,193 and £183,822………………………………………..Full Article: Source


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