Author: 123jump.com Staff
123jump.com
Last Update: 4:35 PM EDT April 24 2008

UK home prices declined by 2.5% in March from February but were 1.1% higher than a year ago. For the month, the standardised house price was at £191,556. UK prices have increased 171% over the past ten years and 51% over the last five years and the average UK home price has risen by £120,860 during the past decade from £70,696 to £191,556. Separately, home builder Persimmons reported in its interim report that tight mortgage lending has affected sales and a rise in cancellations.