Sustained Housing Market Upturn Still Unlikely in Wales' 'Bumpy Recovery' ; Experts Says Property Prices Will Remain Steady for Rest of 2009
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Summary
HOUSE prices are likely to continue to fall with a sustained recovery in the housing market unlikely before 2011, it was predicted last night, as new figures showed barely any movement in the Welsh housing market. Right-movreleased figures today showing Wales had one of the smallest shifts in house prices in the last month.
Following equally modest price rises in June, average house prices in Wales rose a mere 0.5% in July to stand at pounds 169,109 - still 6.1% down on July 2008.See the full content of this document
Extract
Sustained Housing Market Upturn Still Unlikely in Wales' 'Bumpy Recovery' ; Experts Says Property Prices Will Remain Steady for Rest of 2009
It is the smallest increase of all the UK regions where house prices rose and a comparatively small rise compared to those of up to 6.1% in East Anglia, Yorkshire and the north of England.
However, th...See the full content of this document
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