Shortage sees rise in asking prices
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.”