Hometrack predicts 2% house price fall in 2011

Dec. 27, 2010
<p>Hometrack expects house prices to fall 2% in 2011 according to its latest survey released today. </p> <p>The December survey shows price falls across 36% of the market in December, with the average fall for the month 0.4%. Hometrack says 71% of the country saw prices drop over the year and overall house prices fell 1.6% in 2010.</p> <p>Demand and supply have gone in opposite direction during the year, says Hometrack, with the supply of homes for sale growing 24% during the year while demand fell by 7%. </p>

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