Thursday, July 28, 2011
Nicholas Ayre, director of UK buying agents Home Fusion, commented: "There's plenty here for the doomsayers to get their teeth stuck into. In June the national figure was totally flat, and even in the London bubble, average prices fell for a second month. "But just a quick health warning - the data can be fickle. Just as your car's fuel gauge becomes unreliable when the engine's running on empty, so these figures have less value when the number of sales is so low. "Outside London, demand has fallen off a cliff, and unsurprisingly, so have prices. Even within the London microcosm, we're seeing a big divergence between the prime market and the rest."