Asking prices rise as house market confidence grows
Home sellers are finally growing in confidence, judging by a survey by Rightmove of more than 100,000 asking prices across the country.
The average asking price in the last month has risen 1.7 per cent to £239,710, the highest ever recorded in the survey for the month of March.
The previous March peak was in 2008, six months ahead of the collapse of Lehman Brothers and the resultant banking crisis.
However, against the continuing uncertain economic background, confidence will still take some while to reach home buyers, warned Miles Shipside, Rightmove's market analyst.
"In today's turbulent world where economic crises seem more likely to reappear than disappear, any market upturn will take longer to build home-mover confidence to the point that it starts to feed through to actual transactions," he said.
The company's latest Consumer Confidence Survey, which questions more than 40,000 people, is reasonably positive, showing that 60 per cent expect prices to be more or less the same in a year's time, with 23 per cent believing prices will be higher. Only around one in nine expect prices to be lower, the data revealed.
Life & Style blogs
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
£65000 - £80000 per annum: Recruitment Genius: Finance Director required to jo...
£15000 - £25000 per annum: Recruitment Genius: This is a unique opportunity fo...
£50000 per annum + 26 days holiday,pension: Ashdown Group: A highly successful...
£27000 per annum + pension + holidays: The Jenrick Group: A Quality Technician...