Monday, March 21, 2011

Rightmove: +0.8%MoM, +0.9%YoY

U.K. Home Sellers Raised Asking Prices in March

New sellers increased their asking price for the third consecutive month during March as activity in the housing market showed signs of picking up, research has indicated. The average cost of a home put on the market in England and Wales during the four weeks to March 12 rose by 0.8% to £231,790, following a 3.1% increase in February, according to property website Rightmove. Rightmove said the low level of new listings pointed to an absence of both forced sellers and traditional mass market ones.

Posted by little professor @ 01:00 AM (2730 views)
Please complete the required fields.



14 thoughts on “Rightmove: +0.8%MoM, +0.9%YoY

  • ‘Though April showers
    May come your way,
    They bring the flowers
    That bloom in May;
    And if it’s raining,
    Have no regrets;
    Because, it isn’t raining rain, you know,
    It’s raining violets.
    And when you see clouds……….

    Reply
    Please complete the required fields.



  • mark wadsworth says:

    Rightmove has always been one of the least reliable indices.

    Reply
    Please complete the required fields.



  • Expectations of a spring bounce. Silly s0ds.

    Reply
    Please complete the required fields.



  • In my area, asking prices are definitely back up to (and way beyond) peak asking prices. It’s like a bad dream. I’d like everyone to wake up and smell the coffee thanks.

    Reply
    Please complete the required fields.



  • Yes but interesting the article says that in London, ‘the average asking price fell to 424,307 pounds this month. Values in Bromley, south London, and Ealing, in the west of the capital, dropped 5.1 percent, the report showed. Prices in the exclusive Kensington and Chelsea area fell 5 percent. ‘ That’s more like it!

    Reply
    Please complete the required fields.



  • notyethomeless says:

    *sigh*
    Hell is other people.
    My better half is getting very ‘nesty’ again. Been to see an “affordable” place at the weekend. Mortgage would be half our rent. How do you explain your vision of the future? I feel like bl00dy Cassandra!

    Ok, enough with existentialism and Greek mythology: stup1d greedy bvggers are making my family life a misery! Asking prices is all people see, it’s the shop window. I can’t explain that they knock 15% off at the till, and that a sale is coming…

    Reply
    Please complete the required fields.



  • Asking prices do not mean anything. Agents to get the business are always overvaluing anyway then tell the vendor 3 months down the line to lower their expectations! Same old,same old…….

    Reply
    Please complete the required fields.



  • There is a house listed on Rightmove at the top of the Plymouth search. The property has not sold for over two years now and was listed at £1 million. This week I have noticed it re-listed at £2.5 million. No apparent changes to the property, so I can only assume that the property is purely an investment and the vendor is taking a punt.

    Reply
    Please complete the required fields.



  • sibley's b'stard child says:

    NYH, funny you should say that; I often call to mind the story of Cassandra in connexion with this UK housing debacle. Doomed to know the future whilst no-one will bloody believe you.

    As to the OP: “Er, mothership, we seem to have a problem; it looks like we’ve decoupled.”

    Reply
    Please complete the required fields.



  • if they can’t sell why increase prices, trying to panic people to buy no longer works

    Reply
    Please complete the required fields.



  • I follow property in exmoor closely and there are properties there which have been on the market over 2 years and unsold

    rightmove asking price figures are nonsense imo and the website itself has a contribution claim to fame of making all property around the uk roughly the same…ignorong local salaries

    for example my idiot neighbour bought 2 flats in sunderland for £220,000 without even seeing them…that was via ‘inside track’

    local average salary is around £12,000

    Reply
    Please complete the required fields.



  • What a beautiful morning it is.

    Spring has sprung and boy, do I feel good!

    Reply
    Please complete the required fields.



  • sibley's b'stard child says:

    Taffee, please say that was £220k for the pair and not each? Mind, that would be only slightly less mirth inducing.

    Reply
    Please complete the required fields.



  • mark wadsworth says:

    NYH, keep the faith!

    Remember that the number of FTBs is down by about 90% compared to the boom years, if only that figure rose to 100% then the “lifeblood of the housing market” (i.e. “the cannon fodder of the housing market”) will be completely cut off.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>