–Hometrack: UK Dec House Asking Prices Down 0.4% m/m; Down 1.6% y/y
LONDON (MNI) – UK house asking prices fell 0.4% on the month in
December, their sixth consecutive monthly fall, and were down 1.6% on
the year, according to Hometrack data.
The Hometrack series shows house asking prices fell in every month
from October 2007 through to April 2009 before rallying, holding steady
or rising in every month until July this year, when they began to fall
again. The second half of this year has seen monthly falls ranging from
0.1% to 0.9%.
There has been a raft of survey evidence showing the UK housing
market is on its second down leg, with activity levels low by historic
standards and still declining.
Hometrack said demand, as measured by the change in new buyers
registering with agents, was down 4.8% on the month in December,
following a 4.3% fall in November. Supply fell less rapidly, with the
volume of property listings falling 1.5%.
–London newsroom: 4420 7862 7491 e:mail drobinson@marketnews.com
[TOPICS: M$B$$$, MABDS$]
