Monday 28 January 2008

U.K. House Prices Fall for a Fourth Month, Hometrack Reports

"U.K. house prices declined for a fourth month in January as slowing economic growth sapped confidence among buyers, a report by Hometrack Ltd. said.

The average cost of a home in England and Wales fell by 0.3 percent, the same rate as in December, to 174,700 pounds ($346,000), the London-based research group said today. The supply of homes for sale declined 4.6 percent in the month as people became more pessimistic about future price gains..."

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