Average house prices fell 0.1% in August – the same level as in July as a widening supply/demand balance suggests further downward pressure on prices in the months ahead, Hometrack has said.
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House prices rose by 0.3% in March and the year on year rate of growth now stands at 1.3%. However these headline figures mask a growing evidence of change, Hometrack has said.
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House prices rose by 0.3% over February, but Hometrack caution that price rises alone are not indicative of strong foundations as the 2010 housing market gets off to a slow start.
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Overall house prices rose by 0.1% in January while the year on year rate of grow currently stands at -0.1, property group Hometrack reports.
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