Private landlords looking to buy or sell properties in England and Wales may be interested in the latest house price figures from housing intelligence group Hometrack.

According to the firm's most recent survey, the price of bricks and mortar dropped at the lowest rate for more than a year this month.

The research suggests that 32 per cent of postcode districts reported a lowering in property prices, which is 27 per cent fewer than two months ago.

However, despite the news - and the fact interest rates look likely to remain at 0.5 per cent for the foreseeable future - Hometrack's director of research Richard Donnell remains cautious about the state of the market.

"While the pick up in demand and sales volumes is real, it is important not to lose sight of the broader picture,"he explained.

The volume of housing sales in England and Wales is set to be just half of what is considered "normal market conditions", he added.

Written by Daniel Burgess

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