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UK House Prices Dip 2.4% In November - Rightmove

The average asking price for a house in the United Kingdom was down 2.4 percent in November, property tracking website Rightmove said on Monday - standing at 246,237 pounds.

That follows the 2.8 percent increase in October.

On a yearly basis, house prices climbed 4.0 percent after gaining 3.8 percent in the previous month.

"Given the early evidence so far and with the effect of the mortgage market review then certainly fears of a housing bubble are being overplayed," Rightmove Director Miles Shipside said in a release accompanying the data.

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