Vendors seeking unrealistic prices
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.