These falls need to be viewed in the context of the substantial price rises recorded in these parts of the country during the last few years.
More Quotes from Martin Ellis:
This pickup in monthly house-price inflation is consistent with the continuing upward trend in market activity in recent months and the previous pattern of house price movements when the Bank of England begins to reduce interest rates.Martin Ellis
The weakening labor market, the continuing high level of house prices in relation to earnings and pressure on householders' finances from the recent hikes in utility and council tax bills are expected to curb demand in the coming months, therefore preventing a sustained acceleration in house price inflation.
Martin Ellis
The annual percentage increase in house prices nationally in 2005 was the smallest for 10 years.
Martin Ellis
The rise in prices in the first three months of 2006 was...slower than the gains recorded in the two final quarters of 2005.
Martin Ellis
We expect this trend to continue during 2006 as house prices rise at a slower pace than earnings, therefore making it a little easier for first-time buyers to enter the market.
Martin Ellis
The easing in economic growth over the past year, together with a ratio of house price to average earnings that remains historically high, is expected to curb housing demand, and therefore prevent a renewed surge in house prices.
Martin Ellis
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