Relevant:
- U.K. House Prices Plunge 2.7% as Rightmove Forecasts a ‘Challenging' 2012
- London Home Prices Have Biggest New-Year Surge in Five Years
- U.K. House Prices Rise 0.2% in May as Low Supply Boosts Values
- U.K. Property Asking Prices Rebound, Rightmove Says
- London House Prices Are Having Their Worst December in Years
2012-07-16 — bloomberg.com
London home sellers cut prices by a record for the month of July as an increase in supply added to pressure on the property market during the traditional summer lull, Rightmove Plc (RMV) said.
Asking prices dropped 3.6 percent from June to an average 460,304 pounds ($715,600), the operator of Britain's biggest property website said in an e-mailed report today. Across England and Wales, values fell 1.7 percent to 242,097 pounds.
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