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"There remains a high level of uncertainty overhanging the market due to the ongoing euro-zone crisis"
- Miles Shipside, commercial director of Rightmove
U.K. home sellers decreased prices in December, said the Rightmove Plc on Monday, underlining "challenging conditions" on the real estate market. Average asking prices dropped 2.7 per cent to 225,766 pounds from November.
"We have had a few years of testing the resilience of the bottom of the market," Miles Shipside, commercial director of Rightmove, said in a statement. "There remains a high level of uncertainty overhanging the market due to the ongoing euro-zone crisis."
"House building numbers are still failing to keep pace with the increase in the number of households and the shortfall gets worse every year," added Mr. Shipside.