Hometrack reports price fall

July 25, 2005
Research group Hometrack says house prices dropped by 0.2% in July and forecasts prices will end this year 5% lower than in 2004. Hometrack said the average house price, based on it surveys of estate agents, was now £161,300, down 3.7% on the same time last year. Hometrack’s economist John Wriglesworth said: “The market is showing no signs of recovery. …

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