The prices of houses in UK has been experiencing an all time low in the last few months with the month of May recording the lowest house rates in the past 15 years. This trend in the fall of house prices in Britain has been observed to be happening for some time now. The global economic crisis is the main reason behind such a slump in the real estate market. Under such a weak economic climate, property holders are not willing to let go of their properties for fear of losing out on the deals.

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