19 Nov

Asking prices drop in November for potential homebuyers

Asking prices drop in November for potential homebuyers

Houses for sale in the UK dropped in price in November 2010, a survey has found.

According to Rightmove, asking prices declined by 3.2 per cent this month - a finding which will come as good news to people considering buying a new house.

The report revealed that the average property price in the UK in November was £229,379, a decline from £236,849 in October, when values saw a rise of 3.1 per cent from the previous month.

It also showed that house prices have fallen in four of the last five months, with 3.2 per cent representing the biggest monthly drop since December 2007.

These figures come after the Land Registry reported its house price figures at the end of October, revealing that the average cost of a property for sale dropped by 0.2 per cent in September.

It also showed that houses for sale in London fell in price by 0.6 per cent during the same month.ADNFCR-1222-ID-800246109-ADNFCR

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