Summary
The cost of property across the UK fell by 0.7% during the past month as the early onset of the winter sales slump forced homeowners to drop their asking prices, figures showed today. The fall during the four weeks to November 10 knocked about pounds 1,656 off the average cost of a home in Wales and England, reducing the average price for both nations to pounds 239,986, according to property website Rightmove.
The drop in prices is part of a volatile pattern seen in the housing market during the past four months, in which the cost of a home has risen by 2.7% and 0.6% during two months, but fallen by 2.6% and 0.7% in two months, effectively leaving prices unchanged since July.See the full content of this document
Extract
Looming Winter Cuts Cost of Houses
Rightmove said it expected there to be further falls during December and the early part of...
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