Tuesday 29 January 2008

House prices fall for 4th consecutive month in January

"According to property website, Hometrack, house prices in the UK fell for the fourth consecutive month in January.

Falling confidence among potential buyers continues to put downward pressure on house prices said Richard Donnell of Hometrack.

Mr Donnell added that underlying prices are still being supported by a continued tightening in the supply of homes for sale, a trend that is likely to continue. The short term outlook for market activity hinges as much around the outlook for UK interest rates..."

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