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.
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New sellers in London ask new record average price for the third consecutive month
London has hit another all-time high asking price this month.
Asking prices remain flat in May
The average asking price of property coming to the market remains virtually unchanged at £243,759, up just £22 (+0%) on last month.
Home-movers believe prices are still above ‘fair and reasonable’ levels
The overwhelming view is that property prices will be the same or higher in a years’ time.
Suitable stock emerges as the major buyer concern
Half of those intending to buy in the next 12 months state that finding a suitable property to buy is their single biggest concern.
House price confidence is strongly influenced by mortgage-related factors
There is evidence that house price confidence is steered by their interpretation of mortgage availability.
House price optimism is on the up
More than a third of respondents (35%) expect house prices to be higher one year from now.
NewBuy’s first purchaser gets ready to move in
NewBuy, the Government-backed home purchasing scheme, has seen its first completion.