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UK: Houses now taking longer than ever to sell

Posted on 16 November 2010

From Telegraph: A fresh slump in the housing market means the average property is now taking more than three months to sell – the longest period on record. Falling prices, combined with continued uncertainty around the economy and the usual seasonal slowdown, means buyers are increasingly adopting a ‘wait and see’ approach, which is stifling sales.
The average property in England and Wales is now taking 102 days to sell, according to the property website Rightmove……………………………………….Full Article: Source

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