Monday, April 18, 2011
RM: +1.7%MoM, +0.1%YoY
Asking prices rise by 1.7% in April, following a 0.8% rise in March. Increased seller numbers not matched by increase in purchasersâ€™ ability to buy, resulting in biggest jump in agentsâ€™ unsold stock since May 2007. As property supply is increasingly outstripping demand, this monthâ€™s jump in new sellersâ€™ average asking prices of 1.7% (Â£4,032) looks misplaced. London remains the exception as buyer demand pushes asking prices to a new record.