The annual rate of house price inflation in Oxfordshire has fallen for the first time in more than 18 months.
Latest official figures for June released by the Government’s Land Registry show the average price of a property in the county is £237,079, a figure that is 0.1 per cent lower than a year ago and 0.2 per cent down on May.
The last time the annual rate fell was in November 2009 as prices continued to climb out of the recession.
Agents say the number of houses on the market has increased which is leading to more competition on price.
David Blythman, managing director of Headington-based Scott Fraser, said: “Increased stock could have an impact on prices as it gives buyers more choice and sellers have to reduce what they want to attract them.
“The Oxford market is still very busy but I suspect prices are coming down in the less popular villages.”
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here