|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |    25th of February 2018
|   Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  

Property News feed Property News

All Financial News feed All Financial News




Rightmove: Asking prices up in June

Bookmark and Share

by Kay Mitchell
”Rightmove:

Property website, Rightmove, has today reported a rise in asking prices for the month of June – the sixth consecutive month of growth.

According to Rightmove, asking prices for residential property in England and Wales grew 0.6% in June after a 1.3% increase in May.

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 £240,394 – the highest since May 2008.

Asking prices for properties coming on to the market are 8.1% higher than at the start of the year but the website is predicting that prices will fall 7% over the remainder of 2011.

Miles Shipside, director of Rightmove, comments: “While we expect new sellers to have to drop their prices over the remainder of the year, we now believe that they will end 2011 slightly higher than they began it.”

In the meantime, Rightmove noted that there is a high level of unsold properties on the market with an average 78 properties at each estate agency.

The figure was 69 back in January and continues to rise steadily.

Discuss this in the Finance Markets forums

Story link: Rightmove: Asking prices up in June



News posted: June 20, 2011

Financial Services:





Related financial stories to: Rightmove: Asking prices up in June:
Previous: «
Next: »

Visited 2573 times, 2 so far today

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Tags: ,