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16/07/2012
House Sellers Dropping Prices
The average asking price for homes being put up for sale fell by 1.7%, according to property website Rightmove.
This is the first drop in average prices in July, approximately £4,138, since 2008.
Rightmove also said that the number of would-be sellers this month outnumbered successful buyers by two to one and warned that people hoping to sell their homes would have to cut their asking prices further if they wanted to be successful.
Miles Shipside, director of Rightmove, said the level of unsold stock remained "stubbornly high" at 75 homes per estate agency branch.
"The fact that we have not seen major price falls in the UK and that many areas are not awash with 'For Sale' boards may lead some sellers to be over-optimistic with their pricing.
"New seller numbers may be down some 30% on the period prior to credit-crunch, but the numbers achieving a successful sale are down by half and average unsold stock levels are creeping up.
"Sellers need to adjust, as this new world is the new norm," he added.
(H)
This is the first drop in average prices in July, approximately £4,138, since 2008.
Rightmove also said that the number of would-be sellers this month outnumbered successful buyers by two to one and warned that people hoping to sell their homes would have to cut their asking prices further if they wanted to be successful.
Miles Shipside, director of Rightmove, said the level of unsold stock remained "stubbornly high" at 75 homes per estate agency branch.
"The fact that we have not seen major price falls in the UK and that many areas are not awash with 'For Sale' boards may lead some sellers to be over-optimistic with their pricing.
"New seller numbers may be down some 30% on the period prior to credit-crunch, but the numbers achieving a successful sale are down by half and average unsold stock levels are creeping up.
"Sellers need to adjust, as this new world is the new norm," he added.
(H)
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20 February 2006
Average house prices rise above £200,000
The average asking price of a house in England and Wales has risen to over £200,000, a new survey has revealed. Property website Rightmove said that the asking price of properties increased by 2.7% last month, driven by increased demand from buyers and a shortage of sellers. It is the largest monthly rise for almost two years.
Average house prices rise above £200,000
The average asking price of a house in England and Wales has risen to over £200,000, a new survey has revealed. Property website Rightmove said that the asking price of properties increased by 2.7% last month, driven by increased demand from buyers and a shortage of sellers. It is the largest monthly rise for almost two years.
17 December 2007
Fall Reported In House Asking Prices
The average asking prices from homes in England and Wales have suffered a sharp fall, according to the latest figures from estate agents Rightmove. Rightmove said that property asking prices had fallen by 3.
Fall Reported In House Asking Prices
The average asking prices from homes in England and Wales have suffered a sharp fall, according to the latest figures from estate agents Rightmove. Rightmove said that property asking prices had fallen by 3.
12 October 2010
UK Inflation Remains At Current Rate
According to the Office for National Statistics (ONS), UK Consumer Prices Index (CPI) inflation remained unchanged at 3.1% in September. Including a higher proportion of housing costs, the Retail Prices Index (RPI), fell back slightly to 4.6%.
UK Inflation Remains At Current Rate
According to the Office for National Statistics (ONS), UK Consumer Prices Index (CPI) inflation remained unchanged at 3.1% in September. Including a higher proportion of housing costs, the Retail Prices Index (RPI), fell back slightly to 4.6%.
08 April 2010
Secondhand Sellers To Give Prints
Police in Norfolk have introduced a new thumb print record of those trading in secondhand goods, in a bid to reduce the selling of stolen assets. The Heartsease and Thorpe Hamlet Safer Neighbourhood Team (SNT) said an identity check will be in operation asking customers to leave behind a copy of their thumb print.
Secondhand Sellers To Give Prints
Police in Norfolk have introduced a new thumb print record of those trading in secondhand goods, in a bid to reduce the selling of stolen assets. The Heartsease and Thorpe Hamlet Safer Neighbourhood Team (SNT) said an identity check will be in operation asking customers to leave behind a copy of their thumb print.
31 March 2003
Sellers pack set to make house buying easier
People selling their home will have to provide a pack of information on the property, under plans set out in a draft Housing Bill. It is hoped that the move will iron out various difficulties in private sector housing.
Sellers pack set to make house buying easier
People selling their home will have to provide a pack of information on the property, under plans set out in a draft Housing Bill. It is hoped that the move will iron out various difficulties in private sector housing.
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