Ven­dors seek­ing un­re­al­is­tic prices

Yorkshire Post - Property - - PROPERTY -

Ask­ing prices have jumped 3.1 per cent, ac­cord­ing to Right­move.

The prop­erty por­tal said the “seem­ingly il­log­i­cal” rise took “some ex­plain­ing” and is un­sup­ported by mar­ket fun­da­men­tals.

The av­er­age new ask­ing price on Right­move is now £236,849 – far from the Hal­i­fax’s fig­ure of £162,096.

The site said that while bullish pric­ing is a nor­mal au­tumn char­ac­ter­is­tic, ven­dors are strug­gling to re­act to new mar­ket con­di­tions and, postHIPs, are now test­ing the mar­ket. Most sell­ers, says Right­move, are doomed to dis­ap­point­ment.

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