"Obviously, as the euro depreciates, the U.K. gets slightly more expensive"
- Miles Shipside, Rightmove commercial director
U.K. national house prices stagnated in March, announced the Rightmove Plc, owner of the U.K.'s largest residential property Web site, on Monday. London house values rose 0.9 per cent from April to an average of 469,314 pounds as investors search for a safe haven from the debt crisis.
"The Greek situation means that other countries may well be undermined and you might get a domino effect of people looking to actually put their cash into a safe haven," Rightmove commercial director Miles Shipside said.
"Obviously, as the euro depreciates, the U.K. gets slightly more expensive, but perhaps it's a better option than what's facing them in their own countries."
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