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UK Property Prices Suffer “Largest Decrease Ever”

Property prices in the U.K. can’t go on rising forever — and now they’re not.

A survey of 90% of the market by Rightmove, a real estate price tracking company, shows that real estate prices fell 2.9% in August, the second consecutive down month this summer.

Prices fell nearly 6% in the overheated London market.

That news dovetails ominously with the rumors of “panic selling” in London as owners try to cash in on their overpriced houses at the very top of the market.

via UK Property Prices ‘Largest Decrease Ever’ – Business Insider.

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