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| Source: Yahoo Finance |
UK home prices fell for the third consecutive month according to a report from Rightmove Plc, an online listing of for-sale properties, falling 1.1 %in September, while the average number of unsold properties per real estate agent held at a record high of 79. The recent downturn has wiped out half of the gains in property values since the beginning of the year. Rightmove commercial director Miles Shipside said, “the surge of extra stock has left the market with a real supply hangover,” adding that “sellers’ attempts to hold onto price gains made earlier in the year have suffered from a relentless stream of fresh property.” Read more here.
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