Sell­ers bring down ask­ing prices

Yorkshire Post - Property - - PROPERTY -

NEW sell­ers have low­ered their ask­ing prices by 3.1 per cent, say Rightmove.

It is the largest fall, equat­ing to £7,528, since De­cem­ber 2007. List­ing numbers are down 13 per cent on a month ago to the low­est Novem­ber level since 2007.

The num­ber of new sell­ers is 11 per cent less than Novem­ber last year. Rightmove di­rec­tor Miles Ship­side said: “Agents re­port that many would-be sell­ers are post­pon­ing their mar­ket­ing un­til the new year, in­flu­enced by the cur­rent wall-to-wall me­dia cov­er­age of the Greeks and Ital­ians at­tempt­ing to get their own far-flung houses in or­der. It’s no great sur­prise that those who have braved the stormy con­di­tions have had to ac­cept a sub­stan­tial ‘hair­cut’ on their ask­ing prices.”

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