Monday, 21 January 2008

House Prices Dropping

A new report by Britain's biggest property website Rightmove, has revealed that house prices have fallen for the third consecutive month. The 0.8% drop this month brings the total drop since October to almost 5%.

The average house price was £241,642 in October but now stands at just £230,428 - a decrease of £11,214, or around £120 per day.

Rightmove reported that house prices did rise last year, by just 3.4%, which is below the level of inflation (4%).

You can view latest house selling prices in your local area here for free.

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