Prime London ‘price bubble’ fuels new record asking price
London saw a 4.8% (+£21,834) jump in average new seller asking prices during October, the biggest monthly increase since the 5.2% increase seen in October of last year.
Miles Shipside
Asking prices jump by 3.5%
October saw a 3.5% (+£8,310) jump in new seller average asking prices, the biggest increase for eight months.
‘Over-priced’ property puts off 6 in 10 home-hunters from viewing
Sellers are being warned not to risk over-pricing during the autumn market.
London’s ‘best addresses’ take a hit in summer slowdown
The average asking price of property coming to market in London rose marginally this month, by just 0.3% (-£1,362).
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.
Olympic lull contributes to largest ever August price drop
The Olympics distraction did not deter new sellers from coming to market during August.
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’.
Average asking prices in London drop by over £17,000
Rightmove records that new sellers dropped their asking prices in London by an average of -3.6% (-£17,136) in July.