New sellers’ asking prices increase for the sixth consecutive month, up by 0.6% (£1,520)
First half gains of 8.1% (£17,984) expected to ebb away, with asking prices likely to fall by up to 7% in second half of 2011, strengthening buyers’ bargaining power
Highest ever June prices and rising stock levels look set to curtail sellers’ “romp away from reality” as mortgage approval figures hit lowest level this year
Despite expected price falls we now forecast price gains for 2011 as a whole, surpassing 2010’s virtual standstill, as mortgage arrears and repossession levels fall and mortgage options improve
North/south price divide indicates differing economic realities around the country, with London prices now at an all-time high
