Olympic lull contributes to largest ever August price drop
The Olympics distraction did not deter new sellers from coming to market during August.
House Price Index
Main Olympic borough of Newham still awaiting ‘house price legacy’
Property owners in the main Olympic borough have yet to see a tangible benefit in terms of an Olympic ‘house price legacy’.
Average asking prices in London drop by over £17,000
Rightmove records that new sellers dropped their asking prices in London by an average of -3.6% (-£17,136) in July.
Summer selling challenge
New sellers outnumber successful buyers by an average of nearly 2:1.
Average asking prices reach new record high for third consecutive month
This economic downturn continues to surprise, with a third consecutive record for new sellers’ asking prices.
Asking prices in the capital set fourth monthly record of 2012
Record prices of property coming to market have again been set in London.
Rightmove in the press – May 2012
The Rightmove House Price Index for May 2012 was recently released and revealed that asking prices had remained flat in May.
Growing market mismatch as two in five sellers state they are looking to trade down
Respondents who stated they intend to sell over the next 12 months were asked their main motivation for moving.