Press release: 20 Nov 2008
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Telephone number: 0845 373 3580
Postal address: c/o Solution Factors, Suite 1, Old Bakery Mews, Aspley Heath MK17 8SY
UK housing market analysis by Home.co.uk, the property search engine, reveals that 200,000 house prices were cut by sellers whilst on the market last month, up from 187,000 in September. The average property price drop in England and Wales in October was £20,194, which is £1,235 deeper than the average drop in September. Overall asking prices fell 1.3%, in England and Wales in October, knocking over £3,200 off the average asking price in just one month. "The downward trend in asking prices is steepening," commented Doug Shephard, Business Development Director at Home.co.uk, "which clearly indicates that market sentiment is still deteriorating." The Home.co.uk Asking Price report, released earlier this month, also revealed that house prices in London and the East Midlands were worst hit over the last six months falling by 4.1% and 5.4% respectively. Over the same period, Wales and the North East of England suffered the least, registering falls in market house prices of 2.0% and 2.3%. Asking Prices for homes in England and Wales have fallen 3.7% since November 07.
Notes for Editors
Over the last twelve years, Home.co.uk has become established as a dynamic, innovative and ethical service. Its developers have created a Web 2.0 platform to deliver the real power of the Internet to homebuyers and sellers across the UK.
Contact Details
Name: Rachael BonfieldEmail address:
Telephone number: 0845 373 3580
Postal address: c/o Solution Factors, Suite 1, Old Bakery Mews, Aspley Heath MK17 8SY
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