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UK DATA: Hometrack: Deflation Returns To House Asking Prices
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Published by iMarket News
on Sunday, October 31, 2010
on Sunday, October 31, 2010
LONDON (MNI) – Recent falls in UK house asking prices quickened in October, as prices dropped for the third consecutive month and turned negative on the year for the first time since January, according to market intelligence company Hometrack.
House asking prices fell 0.9% on the month in October, having dropped 0.4% on the month in September and by 0.3% on the month in August.
With the number of new buyers registering with estate agents falling by 2.0% on the month, the data add to the evidence of weakening demand in the housing market.
