House prices to fall for next three months - Rightmove

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Rightmove expects three further months of falls in asking prices following a 1.6% fall in November.

According to Rightmove, asking prices fell to an average of £226,440 in November, which the website attributed to the tail off of the traditional autumn buoyancy. Miles Shipside, commercial director of Rightmove, says it expected three months of asking price falls before a tentative recovery in early spring because the November price fall proved the market did not have the strength to buck seasonal trends. He adds: "Available property remained thin, with 89,140 new homes coming on to the market this month, 30% below 2007 levels. The market is still suffering from poor liquidity as mor...

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