20 Nov

Property owners 'able to get their asking prices'

Property owners 'able to get their asking prices'

Many property owners are able to secure the asking price for their properties when they sell them at the moment, one industry commentator has asserted.

Catherine Hearnden, director of MyMortgageDirect, made her remarks after the publication of FindaProperty.com's monthly House Prices & Affordability Index for November.

The research showed that first-time buyer asking prices stood at a total of £154,309 during the four-week period, representing a decline of 0.2 per cent on the previous month.

Ms Hearnden said that alterations in inflation, supply and demand could all have an impact on the price of properties in the future. However, she stated that she does not thing any "astounding" changes will take place in the near term.

"There are not many people selling their properties, so while there are not that many properties around, then the prices won't fall because people are able to get their asking price," the sector commentator concluded.ADNFCR-1222-ID-19471891-ADNFCR

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