Price of an average home for sale in Kensington and Chelsea breaks £2 million barrier
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).
asking prices
Average asking prices up 4.9% in the first three months of 2012
Early indicators suggest that property market activity in 2012 is on course to be more robust than in 2011.
‘Spring bounce’ puts London asking prices close to record high
There is evidence of a 'spring bounce' in the price of properties in London with a monthly rise in new seller asking prices of 2.5%.
Biggest monthly asking price jump for almost a decade
This February’s 4.1% (£9,192) increase is the highest monthly rise Rightmove has recorded since April 2002, a surprisingly strong uplift given the challenging economic environment.
London micro-markets continue to buck the trend
London starts the new year again proving it has its own micro-markets where housing demand continues to outstrip supply. New sellers in the capital have had the confidence to increase their month-on-month asking prices by 0.8% (£3,453).
London sellers shut up shop early for Christmas
Buyers in London looking for fresh choice of property may find their options more limited than usual at this time of year, with a 16% drop in the number of new sellers compared to the same period in 2010.
London sellers ask record prices for fourth time this year
London’s ability to out-perform the rest of the country and many international markets in spite of the on-going global financial crisis and resultant credit squeeze is further highlighted by property coming to the market at all-time price highs.
Asking prices in the South are now more than double than in the North
Rightmove’s House Price Index for October 2011 today reveals that average asking prices in the South are now more than double those in the North.