Monday, March 21, 2011
"The average value of a home in Britain is Â£201,000, down 18 per cent from Â£247,500 in October 2007, according to property website Zoopla. Much of the drop has been seen during the last eight months, with prices dropping 11 per cent since last summer. The North East has been hardest hit, down 14.12 per cent since last July with average local house prices at Â£142,242. London has proved to be the most resilient, down 7.59 per cent to Â£378,295. Zoopla suggested that the recent fall in values may have created a buying opportunity."