Wednesday, Apr 25, 2007
Could this be the start?
Moneyextra: ouse prices fall to half-year low
House prices stalled in March - but first time buyers continued to come under pressure, says Moneyextra. Average property values fell in March to their lowest level since October last year. At £220,303, the average price is up just 4.8% on year-ago levels and is actually down 1.2% on February's £222,9231.
Property values fell both for first time buyers and for home movers. However, the fall of just £891 - to an average £176,205 - for first time buyers - underlines that this is the sector of the housing market still experiencing the greatest price pressures.
Despite the falls seen in the last month, first time buyers are still facing the largest increases in prices year on year, with the average price experienced by those looking to buy a house for the first time rising by 5.9%.
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