The average asking price for a house in the United Kingdom was down 2.4 percent on month in August, property tracking website Rightmove said on Monday, marking the largest decline ever in August.
The August reading follows a 1.7 percent contraction in July.
In August 2011, prices were down 2.1 percent on month - and they were down 1.7 percent in August 2010.
On a yearly basis, house prices were up 2.0 percent following the 2.3 percent increase in the previous month.
by RTT Staff Writer
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