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House prices set to fall as austerity measures start to bite [electronic resource]

By: Language: English Series: Rightmove House Price Index ; June 2010Publication details: London Rightmove 2010Subject(s): LOC classification:
  • 333.33 $2 18
Online resources: Summary: Average national asking prices increase by 0.3% between May and June 2010. Asking prices are falling in real terms with the Retail Price Index (RPI) at 5.1% compared with a year on year rise of 5% in asking prices. 22% increase in sellers coming onto the market following suspension of Home Information Packs (HIPs) resulting in large jump in unsold stock. Sellers and tenants face tough times ahead.

Average national asking prices increase by 0.3% between May and June 2010. Asking prices are falling in real terms with the Retail Price Index (RPI) at 5.1% compared with a year on year rise of 5% in asking prices. 22% increase in sellers coming onto the market following suspension of Home Information Packs (HIPs) resulting in large jump in unsold stock. Sellers and tenants face tough times ahead.

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