Monday 21 January 2008

U.K. Home Prices Fell for a Third Month in January

"Jan. 21 (Bloomberg) -- U.K. house prices fell for a third month in January and values will continue to drop this year unless the Bank of England cuts interest rates further, Rightmove Plc said.

The average asking price declined 0.8 percent to 230,428 pounds ($450,300) from December, compared with a 3.2 percent drop the previous month, Britain's most-used property Web site said today. The annual price gain slowed to 3.4 percent, the lowest since 2005..."

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