Tuesday 31 January 2012

Rightmove & Hometrack: House prices fail to rise for 18 months and buyers eye further falls | Mail Online

Rightmove & Hometrack: House prices fail to rise for 18 months and buyers eye further falls | Mail Online

Two separate reports have revealed the tough times facing the UK property market, with average prices failing to rise in any month for a year-and-a-half while only a quarter of people expect them to be higher in a year's time.

A study from property analyst Hometrack reported house prices as being flat in January, following a 0.2 per cent decrease in both December and November. That makes it a year-and-a-half since national prices rose on the index on a monthly basis.

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