18 Nov

New seller asking price dip slightly lower than usual

New seller asking price dip slightly lower than usual

New seller asking prices have fallen by 2.4 per cent in the UK property market, according to real estate expert Rightmove.

However, independent agents need not worry about the dip, as it follows the normal trend for the pre-Christmas period in the UK house market.

What’s more, the firm’s index also shows that the fall is far less than is common for the end of the year.

Figures taken from the recent index also reveal a four per cent annual growth in asking prices, which is the highest recorded since 2007. Rightmove state that the UK property market will continue to show signs of recovery as we move into 2014.

Miles Shipside, Rightmove director and housing market analyst, suggested that although the Help to Buy scheme had encouraged more new buyers into the market, it had not affected the yearly trend of a November dip in asking price.

“The excitement about Help to Buy’s early launch failed to buck the seasonal trend of a fall in new sellers’ average asking prices. At this time of year, it’s mainly those with a more pressing need to sell that come to market, driving average asking prices down,” he explained.ADNFCR-1222-ID-801662066-ADNFCR

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