Largest ever monthly drop in asking prices – but 2015 rise still forecast
2014 ends with the largest ever monthly fall in the price of property coming to market, down by an average of £8,703.
Miles Shipside
Seasonal price fall of 1.7% ahead of Christmas traffic surge
Price of property coming to market falls by 1.7% (-£4,542) as sellers compete on price in bid to stand out during quieter winter months.
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
Autumn upturn starts earlier than usual with 0.9% rise
Earlier than usual signs of autumn activity picking up as September’s new listings come to market with asking prices 0.9% higher than last month.
Year-end forecast revised to +8%, in spite of first fall of 2014
2014 still ‘the year to move’ in spite of seasonal slowdown and cautious tone from Bank of England.
Prices go off the boil as supply and demand find a better balance
Following substantial increases in the price of property coming to market in 2014, June sees a marked change with prices at a virtual standstill.
London up 15.9% in a year – highest rate since credit crunch
London ripple effect spreads out into commuter belt and second home territory.
London ripple pushes all southern regions to new price records
7.3% annual rate of increase in asking prices – highest since October 2007 and takes us back to pre-credit-crunch levels