U.K. Home Sellers Cut Prices by Most Since 2007, Rightmove Says
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U.K. home sellers cut asking prices by the most since 2007 this month as they endured a record wait to shift their properties because of a lack of demand, Rightmove Plc said.
Average asking prices in England and Wales fell 3.2 percent from October to 229,379 pounds ($371,000), the operator of Britain’s biggest property website said in a report published in London today. That’s the biggest monthly drop since December