Asking prices remain flat in May
The average asking price of property coming to the market remains virtually unchanged at £243,759, up just £22 (+0%) on last month.
The average asking price of property coming to the market remains virtually unchanged at £243,759, up just £22 (+0%) on last month.
Property is coming onto the market in London at record asking prices this month.
The national average asking price of property coming to market is now £243,737, breaking a previous record set nearly four years ago.
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).
Early indicators suggest that property market activity in 2012 is on course to be more robust than in 2011.
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).