UK home prices fall in June

| 23 June 2008 00:30

From Firstrung:

UK house prices fall 1.2% in June as house price growth reaches near zero for past twelve months – Rightmove

U.K. house prices have declined by their biggest amount so far this year as buyers shun the market, thereby deepening Britain’s property slump, Rightmove Plc has stated said in its latest house price report…

The average asking price for a home dropped 1.2 percent from May to 239,564 pounds. Prices in London declined 1.4 percent. On the year, the cost of a U.K. home has risen by just 0.1 percent over the past twelve months.

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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