House sales stall as Britain becomes a buyers’ market – Telegraph

“House prices have stagnated and sales are stalling as Britain’s residential property market shifts in favour of buyers rather sellers.

UK values edged up by just 0.1pc from July to August for the second month in a row, a new report from data specialists, Hometrack, found.

Weakening demand and an increase in the number of sellers putting their homes on the market means that transactions took twice as long to complete in August as they did six months ago, forcing vendors to slash their prices.”

via House sales stall as Britain becomes a buyers’ market – Telegraph.

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