Rightmove asking prices up
April 21, 2015
The average UK asking price rose 4.7 per cent year-on-year in April according to Rightmove in a recent report. The annual rate of inflation fell from 5.4 per cent in March but April’s average asking price is the highest on record.
Just under one month until the election and there is a record demand for houses with an under supply causing a record high for asking prices for property coming to market.
Rightmove director and housing market analyst Miles Shipside is reported as saying “The high cost of housing is a big concern for many home-hunters, so the contents of the respective party manifestos and well thought-out sustainable solutions to the lack of affordable housing supply will be high on many voters’ agendas “
You May Also Enjoy
The pros and cons of renting to students: is it the right choice for you?
Student properties are no different in term of quality and facilities than any other type of private rental. And although landlords may have to spend a fair amount on setting up and properly maintaining student lets, they can also charge a good market rent. To help you decide whether letting to students might be worthwhile…
Read More 
Autumn Budget Misses Mark on Housing Reform: UK Rental Market Squeezed by Shortages and Rising Rents
The UK rental market faces mounting pressures, with a recent Rics survey revealing a critical shortage of properties and surging rent prices. Landlord instructions, a key indicator of properties available to rent, fell to a net balance of -29%, marking this the lowest level since 2021. Strong tenant demand is driving rents higher, with 33%…
Read More 
Save a house deposit faster than ever in THESE areas!
Save a house deposit faster than ever in THESE areas! Aberdeen City in Scotland is named the best place to live if you want to save for a house deposit fast, saving in as little as a year and a half Inverclyde is second, whilst Burnley is third Average salaries and house prices in each…
Read More 
Finding Your Dream Home: Expert Advice from Camberley’s Top Estate Agents
Finding the right estate agent is crucial when navigating the competitive housing market in Camberley. With local expertise and in-depth market knowledge, these professionals can guide you toward your ideal property, saving you time and effort. Their understanding of the area’s nuances, from property trends to community relationships, positions them as indispensable allies in your…
Read More 
Zoopla reveals most affordable towns in Britain
With the average home valued at nearly four times average household incomes, Zoopla reveals the most affordable towns in Britain An average property in Britain is valued at 3.8 times the average annual household income (assuming 2 full-time workers) Cumnock in Scotland, is Britain’s most affordable town to buy in 2024 with average property…
Read More 
The Evolving Nature of Real Estate and Strategies for Agency Success
Real estate agents are used to working with fluid market dynamics. Adapting their sales strategies and responding to new industry demands is almost second nature to most agencies today. However, while making the necessary adjustments when following housing market trends is important, it’s also important for agencies to consider new business innovations that become available…
Read More