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Property asking prices leap by more than £8,000
Property asking prices leap by more than £8,000
Rightmove has reported that the asking price for a home lept by more than £8,000 during October. This is the biggest jump for more than eight months.
Dartford,
Kent,
United Kingdom
(sardnews.org)
31/10/2012
Rightmove has reported that the asking price for a home lept by more than £8,000 during October. This is the biggest jump for more than eight months.
The typical property asking price rose by 3.5% to £243,168 with all regions across the UK seeing a rise in prices.
Rightmove has said that autumn showed evidence of life being pumped back into the market, with an upturn likely due to the lack of property for sale making competition fierce in some areas. People have less choice and vendors have begun to push their asking prices up, taking advantage of the situation.
The jump means that prices are now 1.5% higher than they were a year ago, and the drop in asking prices of £11,000 due to the Olympic Games is being counteracted in some small way with this change.
London has strong overseas buyer interest, and so continues to perform well with the biggest jump in asking prices with 4.8% to an average price of £478,071.
There was an increase of 3.9% in the South East and West Midlands, and an increase of 3.8% in the North West and 3.4% in Wales. East Anglia saw the smallest increase of 0.4% .
The Council of Mortgage Lenders announced that it has seen a two year high in lending to home buyers in August.
Rightmove said that its own research has found that fewer than two in five would-be buyers say they will arrange to visit a property they believe is over-priced, even if it matches their criteria.
Notes to Editors
Paul Ribbons runs the Paul Ribbons Partnership and has a unique and very lucrative strategy that has helped him, and his delegates, in making money from property. To find out how click here. Paul has been involved in over 500 below market value (BMV) deals and offers property investment advice. He has a simple and effective strategy of buying property from the open market, distressing them and reselling them at auction for profit. Everyone can do it, and in his book and via his courses, he tells the story of how he came across his simple formula of making money. To find out how to profit from property click here.
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About The Ribbons Partnership
Paul Ribbons runs the Ribbons Partnership and has a unique and very lucrative strategy that has helped him, and his delegates, in making money from property. He has been involved in over 500 below market value (BMV) deals.
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