Wales prices down -0.8% in October
House prices in Wales fell -0.8% over the last month despite the national UK average asking price rising by 2.8% over the same period. The average asking price for a property in Wales now stands at £165,597.
house prices
Widest ever price gap between the North and South
The Rightmove House Price Index for October 2011 reveals that the average asking price for a property in the UK increased by 2.8% over the past month to leave the average asking price for a UK property now at £239,672.
Average asking prices drop for second consecutive month
New sellers’ asking prices in August dropped by 2.1% over the past month, a year-on-year fall of 0.3%, to leave the average asking price for a property in the UK at £231,543.
Property Wisdom – Know the difference between cost and value
There’s no failsafe method of assessing the absolute value of a property, but there are practical steps you can take to make sure you pay a fair price, says property expert Laura Henderson.
Tenants expecting rents to increase
Rightmove’s latest Consumer Confidence Survey finds that nearly half (49%) of current tenants are of the opinion that average rents will be higher 12 months from now, providing more evidence of the continued strength of the rental sector.
Points to remember when instructing a lettings agent
A helpful guide to understand what to expect when a lettings agent visits your home to provide a suggested achievable rental income.
Prospective first-time buyer levels at their highest for 12 months in Wales
Although first-time buyers numbers in Wales remain down on traditional levels, the upturn offers an encouraging sign that things may be improving.
London first-time buyer levels remain high
In London the proportion was far higher that the national average with 42% of buyers stating they would be purchasing for the first time, an increase from 38.2% in Q1.