|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
23rd of October 2010
|    Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  
October 18, 2010    

Asking prices up 3% in October, say Rightmove

Bookmark and Share

by Kay Murchie
Asking prices up 3% in October, say Rightmove

Property website, Rightmove, has today reported a rise in asking prices in October - after three months of falls.

According to Rightmove, asking prices for residential property in England and Wales rose 3% and the group attributed the rise to vendors refusing to adjust to new market conditions.

Rightmove warned sellers that increasing their asking prices is not the way forward in the current market of a high level instructions on the market but a shortage of buyers.

Miles Shipside, Rightmove’s commercial director, comments: “Given the challenges of the current market, the behaviour of sellers in raising their average asking prices by over £7,000 takes some explaining.”

Meanwhile, the latest rise takes the average price of a home listed on Rightmove to is £236,849, up from £229,767.

However, Rightmove echoes other reports which suggest housing market activity will slow due to uncertainty surrounding the economy, as the Government unveils its Comprehensive Spending Review later this week.

Meanwhile, Rightmove said estate agents now had an average of 78 properties on their books - with approximately 11% more properties going on the market each week compared with the same month a year ago.

Discuss this in the Finance Markets forums

Story link: Asking prices up 3% in October, say Rightmove





Need a loan? Apply for one now!
Personal loan application
  • Over 100 lenders
  • Instant decision
  • No obligation quote
  • Safe, easy, and simple
  • Your data is protected


Related financial stories to: Asking prices up 3% in October, say Rightmove:
Previous: «
Next: »

Visited 506 times, 6 so far today

No Comments »

No comments yet.

RSS feed for comments on this post.

Leave a comment

Tags: , , , , , , , , , ,

 


Property News feed Property News

All Financial News feed All Financial News