Sell­ers must get the price right

Yorkshire Post - Property - - PROPERTY -

RIGHT­MOVE is fore­cast­ing fur­ther price falls and no rise in trans­ac­tion lev­els for next year,

The web­site re­ported that ask­ing prices of prop­er­ties new to the mar­ket have dropped three per cent or an av­er­age of nearly £7,000. A spokesman says: “We can­not fore­see a set of cir­cum­stances that would pro­mote an in­crease in trans­ac­tion num­bers in 2011 be­yond the £550,000 to £650,000 range the mar­ket is cur­rently op­er­at­ing in.”

It fore­cast that “it could take as long as 2015 be­fore trans­ac­tion lev­els be­come “rel­a­tively mean­ing­ful”.

Com­mer­cial di­rec­tor Miles Ship­side says: “Sell­ers are go­ing to have to price more com­pet­i­tively in 2011.”

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