Stalled auctions herald house price falls in 2011 | This is Money
The prices of properties sold at auction slumped in December heralding falls for the wider market, according to a financial forecaster.
An index, due to be published later today, will show the discount between homes under the hammer and the wider market was 26% last month, widening sharply from 20% in November.
The Zoopla Auction Price Index is compiled with economic forecaster Fathom Consulting, and aims to forewarn of wider market moves by tracking activity at auctions.
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