Overly optimistic sellers increased their asking prices by 1.7% in April but potential buyers continued to stay away from the market, leading to a glut of unsold homes.
House prices increased modestly in March but the rise is unlikely to mark the beginning of a strong upturn for the market, Nationwide Building Society says today.
First-time buyers struggling to save a deposit to get on the property ladder can get funding from local authorities under a new scheme driven by Lloyds TSB.
16 March 2011
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