Sprightly start to 2013
Rightmove’s February House Price Index finds that there are signs of continued improvement in the health of the property market.
Rightmove’s February House Price Index finds that there are signs of continued improvement in the health of the property market.
Struggling to find the right home? Don’t forget the golden rules of the property game, says property expert Laura Henderson.
October saw a 3.5% (+ÂŁ8,310) jump in new seller average asking prices, the biggest increase for eight months.
Buyers in London looking for fresh choice of property may find their options more limited than usual at this time of year, with a 16% drop in the number of new sellers compared to the same period in 2010.
This month’s statistics from Rightmove highlight how the relentless stream of economic uncertainty around the Eurozone crisis has influenced decisions when it comes to moving home.
New London sellers coming to market in August reduced their asking prices by an average of 3.4%. This leaves prices over ÂŁ20,000 (4.7%) down from the record high that was seen as recently as two months ago.
London’s spring sellers have felt sufficiently confident to market their properties at an average of £431,013, a new asking price record.
After a couple of months of uncertainty, estate agents are now reporting that the higher levels of enquiries and viewings experienced in January and February are slowly converting into more concrete offers and agreed sales. Search activity on Rightmove broke previous records in three out of the four weeks of February.