November 28th, 2010 
admin LONDON (MarketWatch) — The average British house price fell 0.8% in November as demand faltered, property-analysis firm Hometrack said Monday. The firm’s national housing survey found a 4.3% drop in demand in November, the fifth consecutive monthly decline and the largest fall since January 2009. “Concerns over the economic outlook on the back of recent spending cuts together with widespread expectations that house prices are set for a period of retrenchment, are driving the continued weakness in demand,” said Richard Donnell, research director at Hometrack.
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