Slight dip at top of the mar­ket

Yorkshire Post - Property - - PROPERTY -

The Au­gust Prime­lo­ca­ Prime In­dex re­veals that, fol­low­ing four months of healthy growth, the av­er­age price of a UK prime prop­erty slipped 0.3 per cent to £457,052.

Most of the re­gions also recorded slight prime price falls on a monthly ba­sis, al­though many con­tinue to wit­ness an­nual growth. Wales, York­shire and the North West were the only re­gions to see prices up on July lev­els.

An­drew Smith, re­search di­rec­tor at Prime­lo­ca­, says: “Top end ven­dors have con­tin­ued to put their prop­er­ties on to the mar­ket and now that buy­ers have a healthy range of qual­ity prop­erty to choose from, up­ward pres­sure on prices has eased in all but the most sought-af­ter ar­eas. This trend has been ex­ag­ger­ated as buy­ers put their search on hold over the sum­mer.”

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