Housing prices slip back while demand rises again - Property, House & Home - The Independent
Estate agent figures published today reveal that house prices have continued to edge back in July, although there was some brighter news as the number of agreed sales rose sharply for the second-consecutive month.
According to the latest National Housing Survey from Hometrack, average house prices dropped by 0.1 per cent for the third straight month, resulting in a 3.9 per cent fall from July 2010. However, sales volumes increased 9.6 per cent, having jumped by 10.7 per cent in June.
"The improvement in demand over the last six months has come as something of a surprise but this in part is down to pent-up demand slowly feeding back into the market," said Richard Donnell, director of research at Hometrack.
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