London loses its ‘boom-town crown’ to the South East
Price of property coming to market up by 2.6% (+£6,784) this month, though annual rate drops from 7.9% to 7.6% as pace of rises slows
Price of property coming to market up by 2.6% (+£6,784) this month, though annual rate drops from 7.9% to 7.6% as pace of rises slows
Enquiries to agents and developers are up over 20% this year so far compared to the same period in 2013.
Average house prices in England and Wales set to increase by 30% in the next 5 years, with the national forecast reinforcing the north/south divide.
Asking prices of property coming to market cut by 2.9% (-£7,758), the biggest fall Rightmove has ever recorded in August
This month we reported a 7.3% annual rate of increase in asking prices – the highest since Oct 2007 taking us back to pre-credit-crunch levels.
London ripple effect spreads out into commuter belt and second home territory.
Average property coming to market is now priced at £251,964, 6.9% (£16,223) more than a year ago - the highest annual rate for over 6 years.
Our research shows confusion about the scheme is widespread and more needs to be done to help deliver a bottom-up recovery.