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| 21/11/2012 |
Residential Property Prices Drop By 12% |
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Over the year to the end of September 2012 residential property prices fell by 12%, according to the latest Residential Property Price Index.
Between April - June 2012 and July - September 2012 residential property prices fell by 1%.
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Prices of residential property sold today are now just under half of their peak value (a 55% fall).
While sales prices are falling, the overall number of properties sold has remained at around 3,000 for the last five quarters.
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