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UK: Sluggish housing market loses its grip on buyers

Posted on 01 August 2011

Outside of prime central London and one or two isolated hot spots, the UK property market is struggling as perhaps never before.
New Land Registry figures show that the number of completed house sales in England and Wales in April fell by 7 per cent to 48,704, from 52,272 in April 2010. According to property website Rightmove, 70 per cent of properties brought to market in the first six months of 2011 have yet to be snapped up. The number of new sellers is also down by 12 per cent on July 2010……………………………………….Full Article: Source


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