The latest Rightmove and property news
In Wales average asking prices dropped by -2.8%, the UK’s biggest regional fall. The drop in asking prices could improve affordability for Welsh home-movers looking to move during the autumn property market.
New sellers have raised their asking prices by an average of 7.2% over the past year, a clear sign of the strength of the market in the capital.
September's House Price Index found that this month’s new sellers made up some of the holiday quarter’s lost ground by upping their average asking price by 0.7% (£1,596).
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Rightmove recently introduced a sellers advice page giving sellers the opportunity to share their selling stories and tips with each other. Since its launch a month ago, 170,000 current and potential sellers have flocked to the sellers advice page.
It’s back to school soon and while many of you are be busy ironing school uniforms and stocking up on essential stationery, many others are already worrying about getting their children into their preferred school next year.
New London sellers coming to market in August reduced their asking prices by an average of 3.4%. This leaves prices over £20,000 (4.7%) down from the record high that was seen as recently as two months ago.