Monday, Jan 21, 2013

Latest stats from Rightmove

AboutProperty: Property market thawing in snowy January

Despite the snowy weather the property market appears to be thawing, with Rightmove reporting a 27 per cent increase in traffic over the first two weeks of January.
Property coming to market is up 22 per cent year-on-year, but sellers have increased asking prices by just 0.2 per cent.
This pragmatism appears to be stimulating the market and Miles Shipside, director and housing market analyst at Rightmove, praised the pricing approach many are taking.

Posted by phil @ 11:13 AM (1003 views)
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1. montesquieu said...

This tallies (infuriatingly) with my observation, it's a circus out there, we turned out on a snowbound Saturday to find couples before and after looking at the same place, 15min slots. Partly usual agent tricks but we've seen a lot of dead wood suddently going SSTC (we'll see if it follows through).

There is undoubtedly pent up demand and a lot of people who can afford £400k plus (which is a pain). Decent stuff is selling.

Monday, January 21, 2013 05:36PM Report Comment

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