Picture: Joe Giddens/ PA Wire (Image: File)
OXFORD is the only English city to record a decrease in house prices, according to the latest research.
Zoopla’s House Price Index, released today, shows prices have fallen by 0.6 per cent in the city, compared to an increase of 2.1 per cent across UK cities.
Oxford has also seen the highest increase in homes for sale of any UK city in the last 12 months.
On average, there has been a fall of 15 per cent in properties listed for sale in the UK, however Oxford has seen an increase in homes for sale by 6 per cent.
The increased number of homes for sale is forcing prices down, hence why Oxford is seeing the decrease in house prices.
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