Showing posts with label U.K. house prices. Show all posts
Showing posts with label U.K. house prices. Show all posts

Tuesday, May 10, 2011

U.K. House Prices Drop Most in Seven Months on Economic Recovery Concerns

U.K. house prices fell the most in seven months in April as signs of a fading economic recovery and tighter lending conditions dented property demand, Halifax reported today.

Values fell 1.4 percent from March to an average 160,395 pounds ($262,839), Halifax, the mortgage unit of Lloyds Banking Group Plc (LLOY) said in a statement in London today. From a year earlier, prices were down 4.9 percent.