Prime boroughs fall but average asking prices still hit all-time high
Prices of property coming to market in London up by 2.1% (+£11,217) this month.
Miles Shipside
New record asking price as the country gets moving
Average asking prices of property coming to market hit new record high of £255,962 – up 1.6% on last month and 6.8% on last year.
Costly waiting game as nine out of 10 buyers not willing to compromise on first choice location
Despite more people than ever expecting rises in asking prices, the vast majority of potential buyers (90%) say they won't compromise on location.
New seller asking prices in London rebound, up by 5.2%
Average property coming to market is now priced at £541,313, only £3,000 below October 2013’s all-time high as prices rebound after a festive lull.
Prices up by 3.3% despite 18% jump in new seller numbers
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.
Strongest ever start to a new year
Average asking prices up by 1% (+£2,406), the largest ever January rise in the price of property coming to market.
Debate to reduce Help to Buy limit to £300,000 is ‘futile sideshow’, says Rightmove
There has been debate that a reduction in the upper limit is required to reduce buyer demand, especially in the London market.
2014: Prices forecast to rise by up to 8% unless more properties come to market
The smallest December fall (-1.9%) since 2006 indicates that the housing market is in on track to build further on 2013’s momentum.