UK home prices fell by 0.2% last month

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Source: Dukascopy
UK home prices declined in January amid UK economy's contraction in Q4 of 2011. The typical house price lost 0.2% in January and weighted down on the annual house price inflation, pushing it to 0.6% as compared to 1% in the preceding months. Analysts expect the balance between supply and demand to move further to the outweighing supply thus creating an advantage for customers in the coming months.


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Wed, 01 Feb 2012 10:36:08 GMT

Oil futures inched up during Asian session

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Wed, 01 Feb 2012 12:18:41 GMT

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Australia's housing prices fell in 2011, making the biggest annual drop since 2002. The gauge estimating prices in eight biggest cities slipped 4.8% compared to previous year. Prices edged down 1% on quarterly basis. Sharp drop in prices might be associated with uncertainty about global economy and its possible effect on property market, suggest analysts. 

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