CTindex - Christian Today UK Interactive Catalogue
Society

House prices fall in July

House prices fell for a 10th straight month in July to stand 4.4 percent lower on the year, a survey by property consultants Hometrack showed on Monday.

Posted: Monday, July 28, 2008, 7:47 (BST)
Font Scale:A A A

House prices fell for a 10th straight month in July to stand 4.4 percent lower on the year, a survey by property consultants Hometrack showed on Monday.

That was the biggest annual fall since the survey began in 2001. Prices were 1.2 percent lower on the month.

"Indicators of market activity across the housing market remain weak with the survey highlighting a 20 percent drop in demand over the last three months," said Richard Donnell, Hometrack's director of research.

The survey also showed properties were on average taking 11 weeks to sell, up from 6.5 weeks in June 2007.

The proportion of the asking price being achieved fell to 90.9 percent from 91.6 percent, the lowest level since the survey began.



© Reuters 2009. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters.
Google Advertisement
Externally generated - Report offensive links here
World Headline
Italy government to appeal ruling on classroom crucifixes

Italy government to appeal ruling on classroom crucifixes

The Italian government is to appeal a ruling by the European Court of Human Rights last week determining that the...
Sponsored Features
Bible Educational Services is committed to telling the next generation the praiseworthy deeds of the Lord. Psalm 78: 4. To download free bible lessons or learn about Postal Bible Schools visit Enrich your love life, marriage and relationships through education and counselling. Train to become a certified marriage and family educator and change lives for good. 16,500 native missionaries reaching the most unreached with Christ's love. Get your free book today.
Google Advertisement
Externally generated - Report offensive links here