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The average cost of a new home dropped by 1.2 per cent during June to £217,845, according to a new survey.

SmartNewHomes.com, which compiled the study, said the deflation was mainly down to a number of short-term factors that accentuated the traditional summer slowdown in market activity.

These included a "significant increase" in the number of homes for sale, which helped to address the imbalance in supply and demand seen during the spring, as well as the government's decision to suspend Home Information Packs.

Nevertheless, SmartNewHomes.com marketing director Steve Lees said these issues should not disguise "the overall strength of the market".

He added that the three-month and year-on-year rates of change both remained positive in June at 0.8 per cent and 1.4 per cent respectively, indicating "slow but steady growth".

Elsewhere, the survey found that the gap between asking prices and offers reached its widest point this year last month at 15 per cent.

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The word you seek is B**loc*s isn't it?

Tripe ********, shit, drivel, tit ***** even. I think any report currently describing the Market as strong especially after recording a 1.2% fall can be described by any number of expletives.

I've a good mind to write to my MP.

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  • 397 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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