A sign post infront of a house reading homes were almost 8 percent more expensive in May, now at the highest level ever while existing owner-occupied houses were percent more expensive in May than in the same month a year earlier. The price for houses has never been higher thus the drop in the number of transactions.

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Photo credit: © SOPA Images / Alamy / Afripics
License: Licensed
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Keywords: business, economy, homes, houses, post, sign, sold