July 2015

[hpi-table this_month=”July” this_months_change=”+0.1″ this_month_yearly_change=”+5.1″ this_month_ave_price=”294,542″ last_month=”June” last_months_change=”+3.0″ last_month_yearly_change=”+4.5″ last_month_ave_price=”294,351″]

New analysis from Rightmove shows the biggest gap between demand and supply is in the first-time buyer sector:

– Number of enquiries per property for two bedrooms or fewer is 24% higher than for larger properties of three bedrooms or more

– Challenge for government, planners and developers is how best to address this specific demand

Price of property coming to market sees marginal increase for the second consecutive month to a new record high, up 0.1% (+£191) to £294,542

Sharp drop in new seller numbers emphasises supply crisis and shortage of people trading up:

– Number of new sellers down 10.6% on same period in 2014

– High June demand with Rightmove visits and enquiries to agents both up 22% on last year