Higher sales prevent house price plummet | City A.M.

Higher sales prevent house price plummet | City A.M.

RISING sales are preventing house prices from sinking significantly further, the latest Hometrack survey reveals this morning.

A 20 per cent upturn in sales over the last two months has kept prices from dropping at a sharper rate, the group said, reporting only another slight (0.1 per cent) decline in prices for July.

“Prices are likely to fall further over the coming months,” warned Hometrack’s Richard Donnell, “yet with sales volumes holding up there is no impetus for any material change in prices.”