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House prices to fall over the next three months: Rightmove
House prices are expected to fall for the next three months in a row, according to Rightmove, as the average house price fell by £3,744 in October, a decrease of 1.6 per cent.
"We may yet see a last-minute rush of transactions, but the balance of property availability in the exempt band remains virtually unchanged.
"The incentive has been rendered almost irrelevant by lenders' high deposit requirements. However, its withdrawal adds to the uncertainty surrounding the property market in 2010, which will also have to cope with the slowdown that an actively contested election always brings."
