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Rightmove: Asking prices up in January

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by Kay Mitchell
Rightmove: Asking prices up in January

Property website, Rightmove, has today reported a rise in asking prices in the five week period to January 8 – the first such gain in three months.

According to Rightmove, asking prices for residential property in England and Wales grew 0.3% – albeit a small gain compared to December’s fall of 3% and November‘s decline of 3.2%.

The property website, which claims to advertise 90% of the properties on the market, said the latest asking price rise takes the average price of a home listed on Rightmove to £223,121.

The slight rise was attributed to a fall in the number of new instructions coming onto the property market, said Rightmove.

On an annual basis, asking prices are up 0.4% – unchanged from December.

Miles Shipside, director of Rightmove, comments: “With the number of new sellers at a two-year low, prices are being underpinned by muted new supply just managing to fight off the downsides of lender reticence.”

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News posted: January 17, 2011

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