Rightmove: Asking prices continue to increase
Average asking prices have increased by 3.3% (+ £8103) this month, according to Rightmove.
The average property coming to market is now priced at £251,964, 6.9% (+£16,223) more than a year ago which is the highest annual rate for six years
This increase leaves new seller asking prices 6.9% (+£16,223) higher than a year ago, the highest annual rate of growth since November 2007.
Rightmove director and housing market analyst Miles Shipside said: “The market rebound continues.
“While February is historically a positive month for prices of property coming to market, this is the second highest February rise since our index began in September 2001.
“New sellers are now asking over £16,000 more than those who came to market a year ago, a rate of increase not seen since before the credit-crunch took hold in 2008. Those contemplating trading up, down or out may well be encouraged to come to market as they see their equity grow as prices rise.”
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