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Housing market brings out the bargain hunters

Housing prices have fallen again for the third month in a row causing bargain hunters to increase their activity on the market.

The drop in price of around £2,000 in England is thought to have been caused by a rush to put property on the market before the Home Information Packs (HIPs) were introduced.

Rightmove have said that there has already been a "market increase" in activity immediately after the new year.

The commercial director of Rightmove, Miles Shipside, said "Some properties have had their prices dropped by 10 per cent or more and are now within reach, satisfying some of the pent-up demand from previous disenfranchised buyers."

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