Vendors increased asking prices by an average of 0.2% during the first two weeks of January, according to property website Rightmove. The property portal said it had seen the number of properties coming to market up 22% year-on-year, while traffic was up by 27% over the first two weeks of January. The weekly rate of new property listings was 11,153, although that was still down 37% on the level reached at the peak of the market five years ago.
New Year Trends – Rightmove’s Property Market Observations
However, Rightmove said this was the highest level recorded at the beginning of a new year since 2008 Data provided by Rightmove shows that there was increased confidence among sellers coming to market, with 70% of sellers ‘discretionary movers’
Article courtesy of Property Investor Today
