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Real estate agents report indicates UK property market is stabilising

Discussion in 'UK Property' started by Nicholas Wallwork, Jul 13, 2009.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

    [​IMG]Real estate agents in the UK have sold an average of ten properties a month for the last three months amid signs that the property market is stabilising.

    The difference between the asking and selling prices for homes shrank to just 1.9% last month, down from 6.3% in May, a report from the National Association of Estate Agents also shows.

    Although there was a slight dip in the number of properties sold and the number of house hunters registering with estate agents, the outlook is positive as the number of buyers is still almost double that of a year ago. But most agents expect a further dip during the summer when many people are traditionally on holiday.



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