FirstBuy has boosted first-time buyer ownership hopes
45% of potential first-time buyers state they are now more likely to get on the housing ladder thanks to the Government’s FirstBuy scheme, according to new research from Rightmove.
Miles Shipside
London sellers ask record prices for fourth time this year
London’s ability to out-perform the rest of the country and many international markets in spite of the on-going global financial crisis and resultant credit squeeze is further highlighted by property coming to the market at all-time price highs.
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.
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.
Asking prices in the South are now more than double than in the North
Rightmove’s House Price Index for October 2011 today reveals that average asking prices in the South are now more than double those in the North.
Home-movers in Wales should act now to move before Christmas
In Wales average asking prices dropped by -2.8%, the UK’s biggest regional fall. The drop in asking prices could improve affordability for Welsh home-movers looking to move during the autumn property market.
Shortage of London sellers ahead of the autumn selling season
New sellers have raised their asking prices by an average of 7.2% over the past year, a clear sign of the strength of the market in the capital.
Home-movers should act now to move before Christmas
September's House Price Index found that this month’s new sellers made up some of the holiday quarter’s lost ground by upping their average asking price by 0.7% (£1,596).