House prices dip in January
www.moneynews.co.uk > General finance > House prices dip in January
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Money News |
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House prices dip in January
Mon 17th Jan 2005
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Rightmove, the UK's largest online estate agent, revealed that in the four weeks to January 8th the average price of a home fell by 0.1 per cent to £189,509, after a 0.3 per cent decline in the preceding month.
It is the third consecutive monthly fall recorded by Rightmove, and the fifth in the last six months, as the property market adjusts after a period of rapid inflation.
But Miles Shipside, commercial director of Rightmove, believes that the slowing property market could have an up side.
He said: "We might look back in a few months and say this was the point where the market started to come out of the doldrums.
"Properties marketed at the right price are attracting buyers interest and are being sold.
"I think we can expect to see a pick-up in sales activity. This would undoubtedly give the market a new breath of confidence."
Related News : General finance |
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