Tuesday, April 21, 2009

The Truth About Raised Asking Prices and Just How Wrong the Rightmove Index Is

UK House Prices & Rightmove: Bumping Along the Bottom? I Think Not

The Rightmove index has once again showed a rise in asking prices, but this time, because it is the third such monthly rise, they are viewing it with more optimism than the last. The fact that agent's are pushing up asking prices to attract sellers is a side-note in the latest release.

Posted by problem pete @ 09:09 AM (710 views)
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3 thoughts on “The Truth About Raised Asking Prices and Just How Wrong the Rightmove Index Is

  • If your an estate agent struggling to get instrustions, the easiest way is gain the instruction is to quote the highest price. As rightmove bases its index on asking prices there we have the problem. Its such a shame that big property companies think everbody out there is stupid!

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  • By attracting new sellers, there will be an over-supply problem which may well force prices down.

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  • Eternal Sceptic says:

    Spouting on about asking pricess is ridiculous. The only index that has any meaning is the selling price. What will the muppets think of next?

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