Biggest Drop in British House Prices Since 1991
May 29th, 2008 | By Contrarian Profits | Category: Featured, Financial NewsBritish house prices fell in May by the most since at least 1991, according to Bloomberg:
The price of an average home dropped 2.5 percent from April to 173,583 pounds ($344,000), Britain’s fourth-biggest mortgage lender said today in a statement. That’s the largest decline since the index started in January 1991. From a year earlier, prices fell 4.4 percent.