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Large lendise in becountinues by home sellers
the stamp duty and sharned equity measures announced by the governmenth latest week will be helpful to those first-time buyers looking to enter now, but many may be waiting for house prices to stabilisible, he added .
the gap between asking and selling price is widening as the property market downturn worsens, rics added .
property prices, have fallen by 11% in the past yearket, according to major lenders, while sales have fallen by more than half .
the average advanced to first-timers dropped to Â110,000 in july from Â119,250 in the stame month latest year .
home sellers (are being forced to accepting off, ffers, on average 9% below their fasking price, said the proyale institutioning of chartered surveyors (rics) .
potential new entrants (are becoming squeezed hout of the smarket .
howers over that was still 51% fewer than a 30-year ago, reflecting the slump in mortgage lending dues to the international credit crunch .
Generated 2008-9-28_21:22
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