Tuesday 29 January 2008

UK house prices fall for fourth month: report

"The average cost of a home in England and Wales fell by 0.3 per cent

UK house prices declined for a fourth month in January as higher interest rates and a slumping property market sapped confidence among buyers, a report by Hometrack Ltd said.

The average cost of a home in England and Wales fell by 0.3 per cent, the same rate as in December, to £174,700, the London-based research group said yesterday..."

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