This month’s new sellers mimic last year’s February hike by increasing their asking prices by 3.1% to an average of £230,030, leaving year-on-year prices virtually the same too (+0.3%)
In a three-tier market, lenders court ‘bargain-hunting bottom-feeders’ and the ‘low-loan to value elite’ but shun the ‘average buyer’ of the traditional volume end of the market
Rightmove measured 1.3m properties marketed in 2010 - against only 530,000 mortgages
A few ‘elite’ markets moving, with new seller numbers in London up by 21% on previous year, but downsides to current market mean nationally average prices and volumes remain flat
2011 set to be the same, so expect more desperate housing solutions including ‘limbo-landlords’
