Only 17% of sellers would invest in a house makeover, even if it meant they would achieve a higher price
Competition among sellers for mortgage-ready or cash buyers looks set to remain fierce in many markets in 2013.
house prices
Graduates are more likely to pass the first home-ownership test
Nearly seven out of ten (69%) prospective first-time buyers expecting to buy in the next 12 months are University educated.
Main Olympic borough of Newham still awaiting ‘house price legacy’
Property owners in the main Olympic borough have yet to see a tangible benefit in terms of an Olympic ‘house price legacy’.
New sellers in London ask new record average price for the third consecutive month
London has hit another all-time high asking price this month.
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.
Home-movers believe prices are still above ‘fair and reasonable’ levels
The overwhelming view is that property prices will be the same or higher in a years’ time.
Suitable stock emerges as the major buyer concern
Half of those intending to buy in the next 12 months state that finding a suitable property to buy is their single biggest concern.
House price confidence is strongly influenced by mortgage-related factors
There is evidence that house price confidence is steered by their interpretation of mortgage availability.