Hope of lower prices encourages tentative first-time buyer recovery
The proportion of first-time buyers set to enter the property market has seen a recovery from the record low seen last quarter.
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October asking prices increase despite market conditions
The Rightmove House Price Index has seen an increase in average asking prices every October for the past 10 years, so it was perhaps not surprising to see a 3.1% rise over the past month.
Average London asking prices increase by almost £20k in October
An October increase of 4.3% or less would have meant London prices fell year-on-year. However, the 18,497 sellers who came to the market in the last month increased their average asking prices by 5% compared to sellers in the previous month.
Savvy Welsh sellers go against the national trend by pricing down in October
Welsh sellers coming to market in October went against the trend of the rest of the country by pricing their properties at -0.6% less than a month ago.
UK has become a ‘Come Dine with Me’ nation!
Home-owners are forking-out almost twice as much on their kitchens than any other part of the home, a new study by Rightmove can reveal.
London has become a ‘Come Dine with Me’ capital
On average London home-owners spent £35 in every £100 of their home improvement budget on the kitchen in the last 12 months, the largest proportion of spend in the country with the national average standing at £33.
Wales has become a ‘Come Dine with Me’ nation
On average Welsh home-owners spent £31 in every £100 of their home improvement budget on the kitchen in the last 12 months, although this was slightly lower than the national average of £33.
UK home-movers confident of price recovery by 2011
The latest Rightmove Consumer Confidence Survey finds that the proportion of people that expect prices to be higher one year from now has dropped from 50% to 41% since last quarter.