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Signs of recovery in UK housing market despite Nov. price drop

Posted on 20 November 2012

Signs of recovery are emerging in the British property market with house prices posting the least severe November fall in three years along with some positive developments in other indicators, a survey by Rightmove revealed Monday.
Average asking price for a property in the UK fell 2.6 percent month-on-month in November to GBP 236,761. This was the weakest November fall since 2009. In October, house prices were up 3.5 percent. Prices were up 2 percent year-on-year, the highest annual rate of increase seen in November since 2007. Excluding London, where prices continued to show an upward trend, the overall house price index still rose 0.2 percent on an annual basis………………………………………..Full Article: Source


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