Price of property coming to market increased by 2.6%

The price of property coming to market this month has increased by 2.6% (+£6,784) continuing the usual October trend of a substantial uplift in new sellers’ price expectations. While this is the lowest rise at this time of year for six years, sellers may still find that their asking prices are too optimistic in parts of the country where the supply of property exceeds buyer demand.
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House Prices to rise 30% by 2019

According to RightMove and Oxford Economics average house prices in England and Wales are set to rise by 30% in the next 5 years. It states that London prices are set to rise by 33%, but the South East is set to rise by 39% by 2019! Despite being the slowest riser, the North West will still increase by 24%.
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Rightmoves July HPI infographic

Rightmove’s September House Price Index reported earlier than usual signs of autumn activity picking up as September’s new listings come to market with asking prices 0.9% (+£2,474) higher than last month, the first rise at this time of year since 2011.
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Rightmove see first overall fall in asking prices in 2014

The Rightmove.co.uk House Price Index has seen its first fall in asking prices in 2014, which is unsurprising after the varied reports of a slowdown in both London and wider UK. However this has not impacted the year-end annual forecast for growth.
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Rightmove June HPI Infographic

Rightmove’s June House Price Index reported that new seller asking prices are at a virtual standstill, up by just 0.1% (+£272) this month. The Rightmove infographic provides a breakdown of how prices are performing across each region and property type.
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March Asking Prices Infographic

The rightmove House Price Index is an interesting read, but their Infographic makes in so much easier to visually see how the the market is across the regions and property types. Check out the March Infograpic now.
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18% jump in new sellers, yet asking prices still up

Rightmove.co.uk has today announced its February 2014 House Price Index. In their announcement they have found that: The average asking price was up by 3.3% over the month from 12th January to 8th February Average property asking prices of property coming to the market is now £251,964 Over the year since Feb 13 HPI this represents an increase of 6.9% The number of new sellers listing properties has jumped by 18% compared to a year ago. The 18% increase in supply is helping to bring more supply to the market, being the highest supply in February for 6 years (see below graph). However this is not offsetting the number of properties that are being taken off the market and having less impact on the overall supply shortage. As a result there was a slight fall in the average stock available per branch, down from 58 properties to 57. Agents are finding...
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Land Registry shows 2013 finishing with 4.4% growth

The Land Registry today released its final House price Index figures for 2013. Release later than a lot of the HPI stats, the Land Registry believe theirs is the most accurate due using completed sales and including repeat sales. Within these stats they found that 2013 close strong with a reasonable increase both for the month and the year as a whole.
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Rightmove sees "Strongest Ever Start to the Year"

The Rightmove House Price Index (HPI) for January 2014 shows the "Strongest ever start to the new year": The average asking price was £243,861, up by 1.0% - the largest ever January rise of prices for property coming to market
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Asking Prices rebound and London prices soar according to Rightmove

Rightmove October HPI sees a rebound from the fall in asking prices in September, along with soaring London asking prices. Key Facts The national average asking price rebounded by +2.8% in October 2013 following a small fall in prices in September. Rightmove see this as the onset of the autumn market The overall increase over the year now stands at +13.8% and makes the national average asking price £252,418 London, which also saw low summer listings activities and price falls, bounced back as well with new seller numbers up 15% and asking prices up 10.2% - a massive increase of £50,484. London average asking price is now £544,231 This represents a new record high - 5.6% above the previous Julys record. Outer London prices are already more than double that of the rest of England and Wales Regional Picture The picture from a regional basis, outside of the potential London...
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Rightmove forecast for 2013 doubles

Rightmove.co.uks July House Price Index sees a further increase in asking prices, leading to seven monhtly rises in a row and two consecutive record months. Newly marketed property prices increased by 0.3% in the monht and the year-on-year growth boosted to 4.8%.
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Essential home improvements for property developers

The key to selling property is to research, research, research. Doing this before you even invest in a property to develop will give you an idea of what people are buying in your chosen area and what renovations need to be carried out in order to add the most value to your home.
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Rightmove sees all green and Record Asking Prices

Rightmove.co.uks May 2013 House Price Index sees a full set of positive increases for both the month and years. This compliments the record average asking prices reported for the UK and London. Key Figures: National average asking price of £249,841 with a 2.1% monthly increase 5th month of rises means that we have a 9.1% increase so far in 2013 - the strongest start to a year since 2004 Surge in prices has been led by London, South East and East Anglia which all hit all-time highs London as passed the £500,000 milestone and now stands at £509,870 - more than twice as expensive as the national average Unsurprisingly the cause of this has been cheap money and more positive mood starting to release pent-up demand as evidenced by: Rightmove: “We’ve seen record activity – 1.25 billion pages in April, up over 20% on 2012” Surveyors: “We’re flat out carrying out...
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Continued increase in asking prices by sellers

The Rightmove.co.uk April HPI has reported a monthly increase of 2.1% inthe asking prices that sellers are putting on their properties. They see this as related to a shortage in sellers which has already pushed the asking price up 6.9% this year.
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Sellers see price stability to drive asking price momentum

Rightmove.co.uk has released itsRightmove HPI March House Price Index (HPI) and reports an increase in the average asking price, up +1.7% over the month. Further key facts:
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Sellers continue their increase in asking house prices

Rightmove.co.uks february House Price Index shows that sellers are continuing to push up asking prices, giving a strong increase in the start of 2013. Key Figures: Average asking price is £235,741 2.8% increase against the January HPI figures 1.1% increase over the past year since February 2012
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Asking prices for houses jump Post Olympics

The Rightmove October House Price Index sees a large jump in asking prices up 3.5% against that seen in September 2012. Key Figures & Facts Asking prices average up by £8,310 to take the average house price to £243,168 Seen as the sellers seeking to reverse the summers numerous falls during and after the Olympics. These falls totalled -4.6% All regions have seen an increase: London (4.8%), South East and West Midlands (3.9%) and North West (3.8%) Change in asking prices over the past year amount to a rise of +1.5% Yet research shows few areas of the market can justify higher values in properties than the peaks in 3007/8 The buyer appetite is very low to view a property that they believe is over-priced. Miles Shipside, director and housing market analyst at Rightmove comments: “This month’s jump of more than £8,000 in asking prices is partly an anticipated bounce...
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Average House Price Trend before and After Northern Rock Run

Rightmoves Septermber house price index (HPI) reports that the average asking price has dropped again for the 3rd consective month, down 0.6% over the month. This also represents a 4.6% fall over the quarter. Key figures: Average asking price is £234,858 The fall of 0.6% represents a drop of -£1,402 The quarterly fall of 4.6% represents a drop by -£11,377 Over the past year, the average asking price has increased by 0.7% September also sees the 5th anniverary of the run on Northern Rock bank and allows Rightmove to compare asking prices both before and after this significant event. This helps reflect on the propertymarket both pre and post the credit-crunch initial start in the property market. Prices virtually unchanged on five years ago (Sep 2007) - down just 0.1% at £235,176 In complete contract, in the previous 5 years before hand (Sep 2002 to 2007), average asking prices saw a...
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Rightmove.co.uk sees asking prices fall

The recent House Price Index from Rightmove.co.uk for July 2012 shows a fairly large fall in the asking price by sellers. The average is down -1.7% against last month and now stands at £242,097.
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Asking prices up for 3rd time - but is this a true reflection?

Rightmove.co.uk has just released its House Price Index (HPI) for June, covering Asking Prices of residential property from 13th May to 9th June. It reports an increase in asking prices by 1.0% over the Month and +2.4% over the past year. This places the average asking price at £246,235. 3rd consectuive national high asking price - although deemed supported by the more robust souther regions. Asking prices aspirations fail to keep pace with retail price inflation London is the only inflation proof market - average 3% abover RPS since August 2007 Surge of Sellers coming to the market prior to the Jubilee break - which indicates higher asking prices are unlikely in the summer months due to the extra supply Miles Shipside, director at Rightmove comments: “While the national average price of property coming to market has set new records in each of the last three months, sellers should not break...
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