UK House Prices Fall For Eighth Month In A Row

The stuttering UK economy has caused house prices to drop for the 8th month on the trot, says this Sky News article. The average house price in the UK is now £164,153 – 0.9% lower than the average in October 2011.

Robert Gardner from Nationwide said about the fall, “the situation is likely to remain challenging in the housing market.”

While there has been some light at the end of the economic tunnel in recent weeks, including surprising good news concerning both jobs and GDP, the economy on the whole remains very fragile