Monday, April 18, 2011

RM: +1.7%MoM, +0.1%YoY

London asking prices hit all-time high

Asking prices rise by 1.7% in April, following a 0.8% rise in March. Increased seller numbers not matched by increase in purchasers’ ability to buy, resulting in biggest jump in agents’ unsold stock since May 2007. As property supply is increasingly outstripping demand, this month’s jump in new sellers’ average asking prices of 1.7% (£4,032) looks misplaced. London remains the exception as buyer demand pushes asking prices to a new record.

Posted by little professor @ 12:17 AM (1891 views)
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3 thoughts on “RM: +1.7%MoM, +0.1%YoY

  • mayfair etc probably skew things….what people don’t remember is that london was hit very badly in last housing recession as people realised it was actually a s**thole in most parts.

    this time people will realise that living in london is not necessary because of the internet and that it offers less than most other areas.

    imo the housing crash will be worst in london subburbs

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  • Buyer demand?

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  • From the summary

    “Increased seller numbers not matched by increase in purchasers’ ability to buy, resulting in biggest monthly jump in agents’ unsold stock since May 2007 – up from 70 to 74 properties per branch
    With base rate rises looming, sellers who are keen to sell in the spring window should adopt ‘serious seller’ tactics”

    …they can never just say in plain English “drop your asking prices you are been un-realistic”.

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