Average asking price up 0.7% on month in September says Rightmove
Asking prices in London rose 1.9% from August, rebounding after four straight months of decline, Rightmove says.
It added that the recovery this month was “exaggerated by seasonal volatility, with more owners of expensive properties coming to market after the end of the summer holidays.”
The average asking price for a house in the UK was up 0.7% on the month in September, following a 1.2% contraction in August, and were up 4 percent compared with a year earlier.
Rightmove Director Miles Shipside said “The rising tide of prices is marooning more and more first-time buyers, out-stripping their ability to meet stricter lending criteria and afford the required deposits and monthly repayments,”