Tue, 06 Nov 2012 11:06:20 GMT
U.K. house price 0.7% lower in October
According
to Halifax, house prices in the United Kingdom fell 0.7% in October compared with the
previous month and the average price reached 158,426 pounds and that was a
four consecutive month of real estate price depreciation. Great Britain's
property market stays under pressure, as the domestic economic outlook is uncertain
and reduces the consumers' confidence. Also, banks lower lending volumes to strengthen
their financial situation