17 Feb

Estate agents see asking prices rise, research shows

Estate agents see asking prices rise, research shows

New research has revealed that the average asking price for a house in Britain increased by 3.2 per cent in February compared with the previous month.

This puts the average amount requested by vendors at £229,398, according to a Rightmove survey.

In its monthly House Price Index, the organisation also found that search activity on its website increased by 29 per cent in January, compared with the same month in 2009.

However, Miles Shipside, commercial director of Rightmove, explained that more supply is returning to the property market in some areas of the country, which could have an impact on any further price rises.

"Where property supply is closer to pre-crunch levels, sellers should price more aggressively having critically compared their property to recent actual sales," he advised.

According to the latest data from the Land Registry, which relates to property prices in December, vendors appear to be pricing well above average house prices, which reached £161,783 at the end of 2009.ADNFCR-1222-ID-19621518-ADNFCR

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