New sellers nudge up average asking prices by 0.8% in the continuing absence of mainstream or forced sellers – new listings up 5% year-on-year but still down 26% on pre-crunch levels
Housing market now driven by need for larger deposits, leading to greater liquidity for more expensive property types which appeal to a wealthier demographic, while first-time buyers and terrace sellers struggle
Number of terraced properties coming to market is down by 31% on March 2007 as the mass market stays in hibernation
Options for first-time buyers further restricted as developers build fewer flats and more houses. In 2009 the mix ratio of new build flats and house styles advertised on Rightmove was circa 50:50; today it is 70:30 in favour of houses
