The number of unsold properties on the UK market has grown by 25% since the beginning of 2010, reports Rightmove. According to the UK property website, 30,000 properties are put on the market every week, a 45% increase from July 2009.

The prices of new properties dropped slightly last month, but there is still a big difference between their large price tags and the mortgage-approved prices that are the reality. The number of new sellers is more than half the number of new mortgages that are approved every month. However, Rightmove believes that prices will fall further this year.

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