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UK house prices have fallen by £45,000 since the peak

While many in the property sector are looking towards a short to medium-term recovery, or a stabilisation of the UK property market, it would appear that the situation is still very confusing. A report from the Land Registry indicates a slowing the rate of decline in UK property prices while the Halifax property survey shows a fall of 1.7% in April. When you consider that all in all, the cost of the average UK home has fallen by nearly £45,000 since the summer of 2007, this has been one of the worst ever periods for the UK property market.

The flip-flop between good news and bad news is playing havoc with consumer sentiment and investor sentiment as many people desperately look for signs of recovery and improvement. However, if you take a step back and look at the wider picture it does look as though the UK property sector is starting to at least level out although when a full-blown recovery will appear is very much open to debate. We need less headlines and more activity in the UK property market before investors would be willing to place more than just a "toe in the water".

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