Re­gion’s ask­ing prices rise by 2pc

Yorkshire Post - Property - - PROPERTY -

RIGHTMOVE’S lat­est sur­vey re­veals that York­shire ask­ing prices have risen 2.6 per cent over the past month. In Lon­don, they are up by 10.2 per cent.

Miles Ship­side, Rightmove di­rec­tor and hous­ing mar­ket an­a­lyst, says: “To sat­isfy at least some of the de­mand, Lon­don needs an in­crease in sup­ply from a com­bi­na­tion of more new-build prop­er­ties and more ex­ist­ing own­ers com­ing to mar­ket. The num­ber of sell­ers in the cap­i­tal this month is up 15 per cent com­pared to last, though given that Septem­ber was 12 per cent down on Au­gust, the re­cov­ery is mod­est and from a low base. The sit­u­a­tion is ex­ac­er­bated by over­seas in­vestor de­mand swal­low­ing up new-build sup­ply, adding to short­ages.”

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