LONDON: Asking prices for houses in England and Wales are likely to rise overall this year, British property website Rightmove forecast on Monday, scaling back earlier predictions for a steep fall in prices for the second half of the year.
Rightmove, which says its website is used to market almost 90% of homes for sale, predicted that house prices would finish the year with an annual gain of 2%, in contrast to its December forecast for a 2%-5% fall.
Rightmove said asking prices rose 0.6% in June after a 1.3% rise in May, reaching an average of 240,394, their highest level since an all-time peak of 242,500 struck in May 2008.
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