09.01.2012 - U.K. house prices drop to 2 1/2-year low before ‘uncertain’ 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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