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London housing market stalls as countrywide weakness hits

Posted on 01 October 2012

Housing engine London ground to a halt in September, data from Hometrack revealed today, as house prices across the UK slipped. Average prices in the capital defied the decline seen in almost all other English regions, where they fell by an average of 0.1 per cent, but only managed to stay completely flat between August and September.
Even with prices steady, the capital’s housing market declined in other ways: the number of sales agreed slipped four per cent, the number of new buyers registered slipped 3.9 per cent, and sellers listed 1.4 per cent fewer properties………………………………………..Full Article: Source

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