Price rises stall in June on weaker demand and Eurozone fears [electronic resource]

Donnell, Richard

Price rises stall in June on weaker demand and Eurozone fears [electronic resource] - 2012 - Hometrack Monthly National Housing Survey 2 July 2012 .

No changes in house prices in June 2012. Economic uncertainty and the beginning of the seasonal summer slowdown saw new buyer registrations record the first month-on-month decline for five months. Overall demand fell by 0.5% in June. The supply of homes for sale continues to grow. Demand is set to decline further over the summer as the seasonal slowdown begins to kick in. As a result the balance between supply and demand is set to widen, putting further downward pressure on prices.


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