Short­age sees rise in ask­ing prices

Yorkshire Post - Property - - PROPERTY -

ASK­ING prices for prop­er­ties new on the mar­ket have risen by 2.8 per cent this month.

Right­move say it is the high­est ask­ing price set by new sellers in Fe­bru­ary since 2008, when the ask­ing price was £237,856.

The prop­erty por­tal says a lack of stock is a fea­ture of the mar­ket. The av­er­age es­tate agency branch has 64 prop­er­ties on its books, un­changed from the end of last year and, apart from De­cem­ber, lower than at any time in 2012.

Right­move di­rec­tor and hous­ing mar­ket an­a­lyst Miles Ship­side says: “There has been a sprightly start to 2013 and, while mar­ket ac­tiv­ity re­mains patchy across lo­ca­tions and prop­erty type, some agents are re­port­ing their busiest new year since the on­set of the credit crunch.”

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