The average price for a home in the United Kingdom was up 0.2 percent on month in May, property tracking website Hometrack said on Monday, after collecting 0.1 percent in April.
The data showed a clear delineation between the north and south as the London area saw a 0.6 percent spike, while the Midlands were unchanged and the northern territories (Wales, Yorkshire and Humberside) saw a 0.1 percent contraction.
The number of new buyers registering with agents plummeted to 0.4 percent from 2.1 percent in April.
The volume of new listings also slowed to 2.2 percent from 4.8 percent in the previous month.
"The national market registered a slowdown in both demand and sales agreed while supply coming onto the market continued to rise," said Richard Donnell, director of Research at Hometrack.
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org