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"The [housing] market will remain challenging and fragmented during 2012"
- Rightmove, the operator of Britain's largest property website
U.K. house prices edged lower in January amid record-high unemployment and slowing economic growth. Asking prices dropped 0.8 per cent to 224,060 pounds in January, said the Rightmove, the operator of Britain's largest property website on Monday.
"The market will remain challenging and fragmented during 2012," Rightmove said in the report.
"There's no doubt that the crisis in the euro zone is extremely challenging for Britain," Chancellor of the Exchequer George Osborne said in an interview on Monday.
"But actually some of the more recent economic indicators over the turn of the year, some of the survey data for services, manufacturing and construction, has actually been pretty positive."