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House prices across the country ‘will rise in 2013 thanks to increased mortgage competition and shortage of homes’

Posted on 17 December 2012

The beleaguered housing market is set to bounce back next year across England and Wales, according to research. A report by property search website Rightmove predicts an average rise of 2 per cent in sellers’ asking prices in 2013, thanks to increased competition among mortgage lenders and a continued shortage of homes.
This is despite this month seeing the biggest fall in asking prices for more than a decade, with the average dropping 3.3 per cent – £7,772 – to £228,989 in December. The East Midlands was the only region to see a month-on-month price increase………………………………………Full Article: Source


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