The Bank of England has decided to keep the base rate at 0.5% which is great news for existing borrowers. The general opinion is that they will remain at this rate for the rest of the year but are lightly to increase (albeit slightly) in 2011. However, the Halifax have reported a fall in house prices for the second month in a row and it is our opinion that prices will continue to drop at a slow pace in the coming months. We have increased our stock of properties for sale by over 25% in the last quarter with more choice for purchasers than there has been for some time. This means it is imperitive for prospective sellers to listen to realistic advise from 'professional agents'on the value of their home. Do not be misled by agents overvalueing to gain your trust, as this will result in the property being on the market for longer than neccesary, eventually achieving a lower price than if it was competitive in the first place.