Asking prices drop in Yorkshire
ASKING prices dropped by 3.6 per cent in Yorkshire in 2011, accrding to Rightmove. Nationally, average asking prices were up 1.5 per cent in 2011 and are expected to rise by two per cent this year.
However, the country is fragmented into micro markets. Asking prices in Rotherham are up 2.8 per cent under-pinned by 12 per cent fewer properties coming to market, whereas in Barnsley prices are down by 5.0 per cent as new seller numbers are up by two per cent.
Rightmove’s Miles Shipside says: “Those involved in buying or selling need to understand their local market dynamics to help them deliver the right recipe for success. That will include gauging under or over-supply of property and buyer demographics.”