UK Property: South leading recovery in 2009 - the 'Year of the Deal'
UK Property: South leading recovery in 2009 - the 'Year of the Deal'
22nd June 2009
By Robin Bowman
Latest data from Rightmove suggest UK house prices dropped back slightly in June after four months of rises.
The fall is mainly attributable to the continuing dearth of mortgages and increased supply
The figures show a 0.4 per cent fall in prices during the month, following a 2.4 per cent rise in asking prices the previous month.
Housing stock for sale is up 10 per cent, but still remains tight with some areas having seen a 40 per cent drop in property for sale in the last year.
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