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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.”

www.seabreezehomes.co.uk

02920 70 70 64

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