U.K. Home Values Drop as Olympic Knock-On Extends Summer Lull – Bloomberg 10-12-12

Salient to Investors:

David Brown at LSL said the lack of lending, especially to first-time buyers, is choking off first-time buyer sales outside of prime London.

Acadametrics said house prices rose 2.2 percent from a year earlier in September due to a shortage of properties, but the rate of increase is slowing. London average prices jumped an annual 8.2 percent, 3.7 times more than in any other region.

Read the full article at http://www.bloomberg.com/news/2012-10-11/u-k-home-values-drop-as-olympic-knock-on-extends-summer-lull.html