Monday, Aug 16, 2010
Prices down 1.7%
Rightmove: Summer prices melt by £4k in second consecutive fall
Great bear food, summary in PDF is:
Newly marketed property down by over £4,091 (1.7%) as over-supply coincides with holidaying
buyers — but search activity on Rightmove sets a new daily record
· Available stock per agent rises for sixth consecutive month; the highest August for fresh property
for three years — 29,220 a week compared with 20,675 last year (+41.3%)
· Falling prices are good news for the 6 out of 10 renters who would like to buy but state they
cannot afford to
· Anticipated interest rate rises could lead to more repossessions - though this would improve
buyer affordability by exerting further downward price pressure
Posted by pauly_bou @ 12:44 AM (229 views) Add Comment
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