Green Shoots Mean Buyers' Price Is Right ; Property Mail a Frustrating 18 Months Are Over As the Market Sees Signs of Recovery, Reports Nigel Lewis
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Summary
THE worst of the recent property market wobble might well be over as firm evidence emerges of buyers returning in force to the market. The only bad news for vendors is that buyers are getting the price they think a property is worth, rather than what the seller is asking.
According to the Halifax house price index, overall the cost of homes fell by half a per cent in February, so most estate agents and economists believe that a puncture in the property house market is letting it down slowly, rather than with a bang.See the full content of this document
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Green Shoots Mean Buyers' Price Is Right ; Property Mail a Frustrating 18 Months Are Over As the Market Sees Signs of Recovery, Reports Nigel Lewis
But Britain's property market is still a strange beast. Despite the cool-off, on average house prices are still rising by 12 per cent a year - far better than bank and many investment funds can match.
Halifax estate agents recorded an upturn in sales in January and February, and the Royal Institute of C...See the full content of this document
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