U.K. property price lowers

The home price in U.K. dropped to the lowest in last 17 years in the month of May .The house prices in market were affected by the credit status in market. The price of home dropped by 2.5% to reach $344,000.

In comparison to last year the prices lowered by 4.4% and this is one of the biggest low after 1991.Officials of Bank of England predicted that the price will lower further. The increasing inflation has also been affecting the housing market.