House prices down 1.7%

Would you bother much? This is temporary and want stay ‘down’ forever. The article below gives more details.

By Lee Boyce 16 August 2010

UK property asking prices fell for the second month in succession as the market was hit by over-supply and subdued activity in the summer holidays.

The research by property website Rightmove, found sellers trim asking prices slip by 1.7% during the month to August 7. This sent the average asking value down £4,091 to £232,241.

This comes after RICS last week reported a house price fall for the first time this year. However, the Rightmove fall is at odds with Halifax’s contradicting report that house prices were up 0.6% in July

Rightmove found that there has been a surge in sellers with the imbalance in supply and demand compounded as many house hunters take summer holidays.

Find out what more Rightmove said

Tags: asking price, demend, fall, holiday, house, imbalance, price, property, rigthmove

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