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Article: British housing market on way of revival: survey
- Article from:
- Xinhua News Agency
- Article date:
- March 28, 2005
CopyrightCopyright 2005 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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British housing market on way of revival: survey
LONDON, March 28 (Xinhua) -- British housing market showed first
signs of recovery in March as buyers returned in force, a survey by
an independent property research company said Monday.
Hometrack said in its latest survey that house prices fell by 0. 1
percent in March following a 0.2 percent fall in the previous month
as new buyers have started to come back to the market in significant
numbers.
The fall is the lowest since August last year and the house prices
now stand at 162,500 pounds or 308,750 US dollars, down from a peak
of 167,700 pounds or 318,630 dollars.
In a sign that sellers are regaining control, the average sale
price as a ...