19 May

Property asking prices up

Property asking prices up

Property asking prices up

Asking prices for property in the UK rose this month by an average of 1.2 per cent, according to a report from Rightmove.com.

It found that the average UK property asking price is now £242,500, compared to £239,521 in April.

However, the website also recorded significant regional variations in asking prices, with the south-east following typical seasonal patterns by increasing prices by 4.2 per cent, while other areas lowered them.

Miles Shipside, commercial director at Rightmove.com, suggested that homeowners may be overpricing their properties, saying: "New sellers can see the storm clouds overhead but seem to believe it's only raining on other people."

Also asking prices are up, a number of recent surveys suggest that actual house prices are down. Nationwide, Halifax and the Financial Times all recorded house price falls of varying degrees for April.

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