UK home prices continue to decline

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP

In November home value in the UK decreased for the seventh consecutive month. According to Hometrack Ltd., a property researcher, the pace of deterioration may quicken as fragile consumer confidence hurts demand. The average value of home lost 0.2% compared to October and dropped 2.3% on a yearly basis, while consumer confidence reached a record low previous month.

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