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.
Early indicators suggest that property market activity in 2012 is on course to be more robust than in 2011.
NewBuy, a government-backed scheme, will provide a major housing market boost for the buyer groups who need it most.
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%.
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 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).
Rightmove’s early indicators of housing market activity in 2012 show that interest in buying is strong despite the lack of mortgage finance, though the willingness or ability of new sellers to come to market remains weak.
Homes are our biggest asset, naturally we expect a good price and yes under the right circumstances it should be possible to get it. If you put your property on the market with the “let’s see what happens” attitude you are not likely to achieve your price expectations.
Rightmove’s November House Price Index found that the average asking price of a property coming to market in the UK tumbled by £7,528 (-3.1%) but Wales saw a drop of just -0.4%. Find out more in our House Price Index report.