Friday, Aug 13, 2010
Another source pointing to downwards pressure
Acadametrics: U.K. House Prices Little Changed, Will Struggle to Gain, Acadametrics Says
Prices in England and Wales rose 0.1 percent from June, when they fell by the same amount, the research group said in a statement in London today. Values are up 8.1 percent from a year earlier to an average 220,685 pounds ($344,000). Home buying may be restrained by weakening consumer confidence as the government prepares the biggest spending squeeze since World War II to tackle the record deficit. Bank of England policy makers maintained emergency stimulus for the economy this month, and Governor Mervyn King said the U.K. faces a “choppy” recovery.
Posted by s. @ 09:25 AM (326 views) Add Comment
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