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Mrs Imp

It's Official

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Over optimistic EAs

Two of the UK’s leading estate agencies this week called the bottom of the market, revealing that buyers are returning, the number of house sales is picking up and that, in some areas, prices are even rising again after months of huge drops.

Knight Frank says that “the situation has improved markedly since the turn of the year” and that although prices continue to fall in the first four months of the year, it was at a "much reduced pace".

“We’ve seen drops of between one and two per cent a month as opposed to to the three to four per cent monthly drops we became routinely used to in the run up to the end of 2008,” a spokesperson says.

“And by April our prime central London index even managed to post a positive result, with prices climbing 0.4 per cent – the first rise for 13 months.”

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