Don’t panic – it’s just an election
With the onset of the traditional moving season, new sellers coming to market ignored any pre-election jitters and economic woes and pushed up their average asking prices by 2.6% (£5,898) this month.
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Agents grab stock while prices rise
Scarce new sellers bumped up asking prices by 3.2%, an average increase of £7,137 with London setting a new record of £427,987.
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Optimistic sellers add to the supply of homes
So far in 2010, sellers are more confident and buyers more interested, Rightmove has commented in the first house price report of the new year.
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Autumn sellers raise price expectations
The onset of the Autumn moving season sees new sellers asking an average of 0.6% more for their properties, property group Rightmove has said.
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Summer sellers drop prices by £5kAverage asking prices fell by 2.2% (£5,102) during August as summer sellers price more realistically according to the latest data from Rightmove.
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More sellers to test the marketIncreased confidence and activity is tempting more sellers to test the market, as they seek to take advantage of the smaller price difference to trade up to a better home, Rightmove has said in it’s monthly house price report.
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Asking prices fall back as new sellers hesitateAverage asking prices of properties new to the market fell for the first time in 5 months, suffering a slight
decrease of 0.4% in the month up to the 13th June, Rightmove has said.
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House prices fell by 0.9% in August, the second consecutive month where a fall has occurred leaving the average house price at £166,507, Nationwide has said.
Lloyds TSB has introduced a new, market leading fixed rate mortgage at 2.94%, the product is available both for house purchase and remortgage for borrowers with a deposit of at least 30%.
Confidence among landlords has dipped for the first time in almost two years, driven by uncertainties including housing benefits and tax changes announced in the emergency budget, according to the latest NLA Landlords’ Optimism Index.
Confidence among landlords has dipped for the first time in almost two years, driven by uncertainties including housing benefits and tax changes announced in the emergency budget, according to the latest NLA Landlords’ Optimism Index.
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