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"The relentless stream of economic uncertainty around the eurozone crisis has eroded consumer confidence"
- Miles Shipside, commercial director at Rightmove
U.K. month on month house prices slid 3.1% in November, the most in a year, amid deteriorating debt crisis in Europe and uncertain economic outlook, said the Rightmove, one of the largest real estate portals in the country.
"The relentless stream of economic uncertainty around the eurozone crisis has eroded consumer confidence to the extent that it now dominates decisions when it comes to moving home," said Miles Shipside, commercial director at Rightmove.
"A 13% fall in the number of new sellers coming to market compared with the previous month, and an 11% fall compared with November 2010, illustrate a growing reluctance to make big financial decisions," Mr. Shipside added.