“These figures are horrifying in terms of the damage that has been done to an already struggling sector,” remarked the Local Data Company’s Matthew Hopkinson. “The retail sector is a major contributor to inner city regeneration projects as well as employing thousands of people.”
London home sellers cut their asking prices by the most in a year in August, Bloomberg reported.
iShares MSCI United Kingdom (NYSEArca: EWU)
For more information on the U.K., visit our United Kingdom category.
Max Chen contributed to this article.
