Economics
U.K. House Prices Decline Most Since January 2009
This article is for subscribers only.
U.K. house prices fell the most since January 2009 last month as demand weakened and more people put their property on the market, Hometrack Ltd. said.
The average cost of a home fell 0.9 percent from the previous month to 156,200 pounds ($248,764), a fourth straight decline, the London-based property researcher said in an e-mailed statement today. Demand from buyers fell 2 percent, while the number of homes for sale rose 1.9 percent.