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UK: House prices come under pressure as demand falls in May

Posted on 30 May 2011

Demand for housing fell in May for the first time in three months putting downward pressure on house prices once again, according to the latest survey of estate agents by Hometrack.
The property analytics business predicts that prices will end the year 1 per cent lower and that demand for housing is likely to continue to post further modest declines over the summer, with sellers forced to cut prices in areas outside London……………………………………….Full Article: Source


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