UK home prices fall in June

By Edward Harrison On Jun 23, 2008

UK house prices fall 1.2% in June as house price growth reaches near zero for past twelve months – Rightmove

U.K. house prices have declined by their biggest amount so far this year as buyers shun the market, thereby deepening Britain’s property slump, Rightmove Plc has stated said in its latest house price report…

The average asking price for a home dropped 1.2 percent from May to 239,564 pounds. Prices in London declined 1.4 percent. On the year, the cost of a U.K. home has risen by just 0.1 percent over the past twelve months.

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Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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