The UK property boom seems to have reached its peak as house price rises in June slowed for the third month in a row, according to a survey by Hometrack.
Latest figures from the property research and database company suggest house prices rose by just 0.4% in June, compared with last month's 0.6% increase. Price increases have cooled since February this year as demand has fallen relative to supply, with the number of new buyers coming onto the market dropping by 0.6%. Other signs also suggest the over-inflated market may have come to a halt, Hometrack says. Average sales prices achieved as a percentage of asking prices have dropped, sending the sales price ratio to 96.2% in June, down from 96.4% in May. Regionally, house prices co...
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