Monday, December 11, 2006
House prices in the UK fell 0.3% in October: Not enough to pop the bubble though!
According to the Department for Communities & Local Government (DCLG), average house prices in UK dropped by 0.3 per cent to £197,987 in the month of October, compared to the previous month. A drop in the price of detached houses, which fell 2.1 per cent in October, is believed to have triggered this fall. However, price of semi-detached houses, bungalows and flats rose during this period, with an exception of terraced houses, which saw a 0.1 per cent drop in their value.