London first-time buyer levels remain high
In London the proportion was far higher that the national average with 42% of buyers stating they would be purchasing for the first time, an increase from 38.2% in Q1.
seller
Average asking prices in Wales nudge up 0.3% in March
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.
Buyers and sellers play ‘wait and see’
New sellers in November cut their average asking prices by 3.2%, the biggest monthly fall recorded since December 2007. Rightmove has now seen falls in four out of the last five months, and with continuing as we move into the tougher winter selling season, anyone who is serious about selling will have to ensure their property stands out as a bargain buy.
London bucks price fall national trend this month
New-to-the-market sellers in London slightly reduced their average asking prices by 0.4% this month, retaining most of last month’s large gains when Rightmove recorded prices going up by 5%. London continues to buck the national trend as generally the UK saw a much larger average price fall of -3.2%.
Hope of lower prices encourages tentative first-time buyer recovery
The proportion of first-time buyers set to enter the property market has seen a recovery from the record low seen last quarter.
October asking prices increase despite market conditions
The Rightmove House Price Index has seen an increase in average asking prices every October for the past 10 years, so it was perhaps not surprising to see a 3.1% rise over the past month.
Average London asking prices increase by almost £20k in October
An October increase of 4.3% or less would have meant London prices fell year-on-year. However, the 18,497 sellers who came to the market in the last month increased their average asking prices by 5% compared to sellers in the previous month.
Savvy Welsh sellers go against the national trend by pricing down in October
Welsh sellers coming to market in October went against the trend of the rest of the country by pricing their properties at -0.6% less than a month ago.