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House sales UK

The UK housing market is a strange one at this time, evidence of house price increases are making estate agents and those in the market to buy or sell a home feel confident that the worst is over. Looking closer these house price rises are actually owing to under supply as people are not feeling confident about the housing market. Reluctant home sellers appear to be waiting to feel more confident and rising unemployment is not going to help. Then comes the North South divide in Britain it is clear that a look at land registry figures and average house prices that these fantastic house price increases are largely happening in London and the South East skewing figures. In actual fact some cities are seeing house price declines. The second largest city Birmingham is a good example of this. So at this time don’t believe the hype but be thankful that the positive signs are there it now only a matter of time before the housing market gets back to normal here’s to 2010!
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