House sellers are asking more for their homes than at the peak of the Housing Market prior to the recession, Rightmove has claimed.
Average asking prices rose 2.9 per Cent between March and April to £243,737, according to the Rightmove House Price Index. That is £1,327 more than the last peak in May 2008 when the average was £242,410.
The average is being skewed by London's irrepressible Housing Market. Since the last peak in 2008, London prices are 14.9 per cent higher, compared with a 4.3 per cent fall in that time for the rest of the country excluding the capital.
The only other region to have registered asking price rises in the period since May 2008 is the South West, where asking prices are 2.3 per cent higher. The South East and East Anglia are almost there, just £810 and £2,489 off their previous peaks.
Miles Shipside, director of Rightmove comments: 'It has taken four years for new sellers to pitch their asking prices above their previous record. However, this is not a universal signal of a housing market recovery. The richest seams of housing market activity are concentrated around those with access to cash and finance, with a strong bias to the south and London in particular.
Read more: http://www.thisismoney.co.uk/money/mortgageshome/article-2130391/UK-house-prices-Asking-prices-hit-time-high-says-Rightmove.html#ixzz1sCeJR9n0
Average asking prices rose 2.9 per Cent between March and April to £243,737, according to the Rightmove House Price Index. That is £1,327 more than the last peak in May 2008 when the average was £242,410.
The average is being skewed by London's irrepressible Housing Market. Since the last peak in 2008, London prices are 14.9 per cent higher, compared with a 4.3 per cent fall in that time for the rest of the country excluding the capital.
The only other region to have registered asking price rises in the period since May 2008 is the South West, where asking prices are 2.3 per cent higher. The South East and East Anglia are almost there, just £810 and £2,489 off their previous peaks.
Miles Shipside, director of Rightmove comments: 'It has taken four years for new sellers to pitch their asking prices above their previous record. However, this is not a universal signal of a housing market recovery. The richest seams of housing market activity are concentrated around those with access to cash and finance, with a strong bias to the south and London in particular.
Read more: http://www.thisismoney.co.uk/money/mortgageshome/article-2130391/UK-house-prices-Asking-prices-hit-time-high-says-Rightmove.html#ixzz1sCeJR9n0
