House prices face further squeeze

Updated
Estate agents
Estate agents

House prices are likely to come under further downward pressure for the rest of 2012 from a widening gap as growth in the number of homes for sale outstrips potential buyers, a study has suggested.

Average house prices fell by 0.1% in August, the same drop seen in July, and prices are likely to be pushed down further as the market remains fragile and volatile, said property analyst Hometrack.
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