
New asking price record as London surges past £500,000 milestone
Buyers in the capital are facing new sellers’ average asking prices in excess of £500,000 for the first time.
Buyers in the capital are facing new sellers’ average asking prices in excess of £500,000 for the first time.
The majority (58%) of current tenants say that they would like to buy but cannot afford to and are effectively ‘trapped’ in rented accommodation.
Only two in five (42%) ‘trapped renters’ are currently actively saving for a deposit to get them onto the housing ladder.
April saw a fourth successive monthly average asking price increase, with a 2.1% rise continuing the trend seen so far in 2013.
Rightmove research shows that rents are delivering average gross yields of 5.9%.
Momentum continues to build in the housing market with several key indicators setting new post-credit-crunch milestones.
Rightmove’s latest buyer report finds that almost half of the property market’s ‘second-steppers’.
The HomeOwners Alliance is fighting to get individuals a better deal from industry and government.