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Is the UK house price recovery over?

The significant reduction in the speed at which UK house prices have been rising, confirmed by the 0.1% increase in June, is beginning to concern many in the UK property arena. While only a few months ago a number of analysts stepped forward with concerns about the potential for a slowdown in the second half of 2010, in many ways these fears were discounted and ignored. However it does look as though relatively low liquidity in the mortgage market together with recent public-sector budget cuts and tax rises may come together to slowdown the UK property market.

Even though there has been a general increase in property prices across the UK it is becoming more and more evident that regional variations have been significant. London has been by far and away the best performing property sector within the UK for some time although many areas in the north of England and Scotland have not enjoyed the same level of interest and increase in property prices as seen down south.

We are now in a position where we could actually talk ourselves into a property market slowdown simply because many analysts and many experts are predicting a slowdown in the latter part of 2010.

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