20 Feb

Sellers up prices for property throughout February

Sellers up prices for property throughout February

People selling their homes through estate agents in early 2013 have been feeling more confident about the market and the demand that has been coming from people looking to buy.

The Royal Institute of Chartered Surveyors (Rics) reported that December had seen an increase in enquiries from potential purchasers, and this has now led to more homeowners increasing their asking price when trying to offload.

The latest Rightmove Index said that the current average that sellers are looking for when their house goes on the market has risen to £235,741. It added that this was the second-highest for February in history.

Only edged out by the same month in 2008, prior to the falling of the property sector, this represents a strong case for recovery in home prices throughout the rest of the year.

Miles Shipside, director and housing market analyst at Rightmove, said: "There has been a sprightly start to 2013 and, while market activity remains patchy across locations and property type, some agents are reporting their busiest new year since the onset of the credit crunch."ADNFCR-1222-ID-801543351-ADNFCR

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