Sunday, May 20, 2007

U.K. House Prices Rise at Slowest Pace Since December 2006, Rightmove Says

(Bloomberg) -- U.K. house prices rose this month at
the slowest pace since December as Britons rushed to list their
homes for sale to avoid the cost of new property-advertising
rules, Rightmove Plc said.

Asking prices rose 0.4 percent to an average 237,361 pounds
($468,000), compared with a gain of 3.6 percent in April,
Rightmove, the U.K.'s biggest real-estate Web site, said in a
statement today. On the year, the rate of price increases slowed
to 13 percent from 15 percent the previous month.


Read more at Bloomberg Bonds News

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