Alexa
  • Directory of Taiwan

Bank survey says UK house prices declined for second straight month

Bank survey says UK house prices declined for second straight month

House prices in the United Kingdom fell for the second straight month in December, a further sign that higher interest rates and tightening credit markets are cooling the British economy, a major mortgage lender reported Friday.
House prices fell by a seasonally adjusted 0.5 percent in December, following a drop of 0.8 percent in November, the Nationwide Building Society said.
That still left house prices up 4.8 percent on year-earlier levels, the report said. The average house price rose in 12 months by 8,334 pounds (euro11,413; US$16,572) to 182,080 pounds (euro249,346; US$362,070), the report added.
___
On the Net:
http://www.nationwide.co.uk/hpi/historical/Dec_2007.pdf


Updated : 2021-06-15 18:56 GMT+08:00