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).
House Price Index
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).
Search activity up 27%, but lowest ever number of new sellers
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.
November asking prices drop by -0.4% in Wales
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.
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.