Summer selling challenge
New sellers outnumber successful buyers by an average of nearly 2:1.
Miles Shipside
Average asking prices reach new record high for third consecutive month
This economic downturn continues to surprise, with a third consecutive record for new sellers’ asking prices.
Asking prices in the capital set fourth monthly record of 2012
Record prices of property coming to market have again been set in London.
Growing market mismatch as two in five sellers state they are looking to trade down
Respondents who stated they intend to sell over the next 12 months were asked their main motivation for moving.
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.