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Recent statics show that the number of new properties are not keeping up with demand. The surge in purchasers is outnumbering new properties coming onto the market and increasing asking prices close to record levels.
Property prices newly listed on the market during the last month is up by 0.8% which is just short of an average all time high. It has been predicted that new price records will be reached in the spring.
The increase in new properties is the first year-on-year rise for 13 months.
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