Tuesday, August 19, 2014

UK Property Prices Suffer 'Largest Decrease Ever' As London Real Estate Goes Into Full-Scale Collapse






Business Insider

By Jim Edwards19 hours ago



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REUTERS/Kai Pfaffenbach

More sellers than buyers, basically.

Property prices in the U.K. can't go on rising forever — and now they're not.

A survey of 90% of the market by Rightmove, a real estate price tracking company, shows that real estate prices fell 2.9% in August, the second consecutive down month this summer.

Prices fell nearly 6% in the overheated London market.

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