London prices hit new high as usual burst of spring sellers fail to emerge
Property is coming onto the market in London at record asking prices this month.
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Property is coming onto the market in London at record asking prices this month.
The national average asking price of property coming to market is now £243,737, breaking a previous record set nearly four years ago.
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NewBuy is a new initiative which aims to help home-buyers secure up to a 95% Loan to Value mortgage on new build properties from participating builders in England.
New sellers’ asking prices in London have reached a new peak of £455,159, the result of a monthly rise of 1.3% (£5,907).
Early indicators suggest that property market activity in 2012 is on course to be more robust than in 2011.
NewBuy, a government-backed scheme, will provide a major housing market boost for the buyer groups who need it most.