14 Aug

British asking prices rise for 7 months

British asking prices rise for 7 months

Home sellers looking to offload their houses through estate agents are growing more and more in confidence with each passing month, which is leading to ever increasing asking prices.

According to findings published by Move With Us, the demand from buyers, which has been fuelled by the fact there are now far more mortgages available, is causing more sellers to bump up their price.

This has meant that each and every month so far in 2013 has experienced a rise in what people want to sell their home for, showing that the market continues to go from strength to strength.

It also reported that one of the biggest factors for telling how healthy the sector is, the length of time to sell a home, had performed well. This has now fallen from 144 days to 104 days, a drop of 2.7 per cent in the first half of 2013 so far.

"We now wait to see whether the property market will suffer from the usual seasonal slowdown over the summer and this will determine whether or not this positive spell is short lived or if there will be sustained demand," said Robin King, director of Move With Us.ADNFCR-1222-ID-801625160-ADNFCR

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