UK House Prices Fall 0.2% This Month – Hometrack

Another report on UK house prices was published by Hometrack, a privately owned property analytics business with offices in Great Britain and Australia.

According to a house prices report by Hometrack, the decline in property values has doubled this month because of the low demand from buyers and overall economic uncertainty in the UK.

Hometrack data suggests that house prices fell by 0.2% in October and, unlike in the previous seven months, London property also decreased in value.

Commenting on this truly shocking news, Hometrack experts said: "While headline prices have held up across London over recent months there are parts of the capital where prices have drifted downwards – south east London saw prices down 0.3 per cent over October."

On the annual basis, UK house prices have fell by 2.8% in October, suggests Hometrack house prices report.

The detailed report published today, on October 31st, is available on the official website of Hometrack.