Realism Enters The Market
The market has seen the first fall since the dramatic falls of 2008, with a 0.4% decrease in the last month alone, while there has been a 5.7% rise on average over the last year. The good news is that with number of properties for sale rising the long process of recovery has started in earnest, stability for the market lies in more sales and a gradually rising price with inflation rather than unsustainable gains.
Realism is entering the property market, the average UK price is £237,134, up by 2.4% than this time last year. Hopefully with the busy summer season coming up the demand for housing that has been building up, with the market place now providing a much greater choice of properties it is hoped that the average price will rise steadily.
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