UK House Prices Fall in July 2011 | Money Avenue Finance News
The latest report published by UK property website Rightmove suggests that house prices fell in July. This is the first decrease in property prices registered in UK by Rightmove in 2011.
This month house prices fell by 1.6% compared to June and reached 236,597 pounds. Let us remind that last month UK house prices grew by 0.6%, while overall increase in the first half of 2011 totalled 8.1%.
Commenting on the findings, Mr. Shipside of Rightmove, said that "we expect further falls over the next few months as buyer momentum ebbs away due to a combination of seasonal factors and a continuing lack of both mortgage finance and buyer confidence."
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