UK: Biggest drop in house prices for 12 years points to cooling market

UK house prices tumbled in November at their sharpest rate for more than 12 years, figures from a leading mortgage lender showed yesterday, in yet another sign that higher interest rates and the credit squeeze are taking the steam out of Britain’s housing boom.

» Biggest drop in house prices for 12 years points to cooling market – The Guardian, 30th November 2007.