Property Asking Prices Fall
August 18, 2009subedar1 No Comments »
Rightmove, the property portal site, have reported a 2.2% fall in asking prices of properties registered by estate agents on their site. This is not unusual as the summer is traditionally a quite time in the property market with Rightmove reporting similar falls in asking prices this time last year.
However, the main reason for the slow growth of the property market is still attributed to the lack of mortgage funding. Unless buyers have a large deposit they find that obtaining a mortgage is difficult.
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