Asking prices for houses soar by over four per cent
PRICE tags on houses coming to market have shot up by an eye-watering 4.1 per cent this month, according to Rightmove – partly caused by cash-rich buyers boosting demand in areas such as west London.
The sudden surge in asking prices is the sharpest in nearly 10 years, the online estate agent revealed today.
The result follows considerable drops in the previous three months – of 3.1 per cent, 2.7 per cent and 0.8 per cent respectively.
While the jump is partly prompted by “cash-rich micro-markets with stock shortages”, there are now signs of the overall market starting to thaw.
Mortgage availability has improved over the last year, the group said, while positive perceptions of property as an investment are bringing more buyers into the market.