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Average Asking Price Rises 3.2 Percent
Rightmove have published figures stating that the short supply of housing in popular locations, such as London, is contributing to the rise in asking prices.
According to the latest survey by Rightmove the average asking price for homes has increased 3.2%.
Commercial Director Miles Shipside, Rightmove, commented: “A price jump of over 3% is more comparable to the pre-credit-crunch boom-times. Sellers are setting their sights higher. Property for sale remains scarce in popular areas, but new supply to the market has to be priced at what buyers are willing and able to pay”.
Rightmove added that the supply of new sellers continues with an upward trend with the number properties coming onto the market increasing by 19.8% compared to this time last year.
