Property prices have risen but consumers do not want to buy.
Rising property prices are turning off potential buyers from entering the property market.
Home buyers are showing a reluctance to make a purchase after sellers increased their asking prices by £4,000 this month.
The rise means that the price of property in the UK has increased by £13,000 since the beginning of the year. Estate agents have urged sellers to reduce their prices to secure a sale and address the imbalance of high prices and low purchase power.