Tuesday, July 19, 2005

The UK Market is Slowing

“July 19 (Bloomberg) -- U.K. house prices fell for an 11th month in June, a gauge of the Royal Institution of Chartered Surveyors showed, threatening to damp household confidence in Europe's second-largest economy.

The balance between estate agents and surveyors reporting home values rose and those saying they fell in the three months through June was a seasonally adjusted minus 42 percent, compared with minus 46 percent in the quarter through May, the Royal Institution of Chartered Surveyors said today in London. It was the longest period the measure has been negative since 1995.”

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