UK DATA: Hometrack: House Price Deflation Worsens In Nov
–Hometrack: UK Nov House Asking Prices -0.8% m/m; -1.1% y/y
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House price deflation intensified in November, with prices dropping 1.1%
on a year-on-year basis after having turned negative in October,
according to Hometrack’s Monthly National Housing Survey. House prices
also fell for the fifth consecutive month in November, but at a less
steep rate than in October, Hometrack said. House asking prices fell
0.8% on the month in November, having dropped 0.9% on the month in
October and by 0.4% on the month in September.