British house prices extend drop in December

Hometrack forecast that values will fall 1 percent next year after a 0.3 percent decline this year.

24th December, 2012
British house prices extend drop in December
House prices fell for a 6th month in December

British house prices fell for a sixth month in December and the decline will extend into 2013 as reluctance to borrow weighs on property demand, according to the research group Hometrack.

Prices in England and Wales slipped 0.1 percent, the same as November. Hometrack forecast that values will fall 1 percent next year after a 0.3 percent decline this year. London will outperform the national market, though price growth will moderate to 2 percent.

In December, registrations by potential buyers...

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