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UK: Is the housing market stabilising or slowing down?

Posted on 05 August 2010

From Moneyobserver.com: House prices increased by 0.6 per cent in July, according to Halifax, although the lender believes the housing market is slowing down.
The average house in the UK is now worth £167,425. In June, Halifax data showed that prices had fallen by 0.6 per cent. ‘Overall, there has been little change in prices during 2010 so far. The mixed pattern of monthly rises and falls over the first seven months of the year is consistent with a slowing market,’ says Martin Ellis, housing economist at Halifax……………………………………….Full Article: Source

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