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Fact, not fiction: New asking prices surge 7.6% in a year – but is ‘price flurry’ sustainable?

Average asking prices for property new to the market has gone up 2.6% in a month, Rightmove reports.


The average new asking price is now £271,669 against £264,875 a month ago.

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Asking prices are now 7.6% up on this time a year ago.


However, Rightmove queries whether the ‘price flurry’ is sustainable, with new seller numbers up 10% compared with a year ago.


Rightmove also notes that the south east has overtaken London as the region with the highest annual price rises – 10% for the south east and 9.6% for London.


Rightmove’s asking price of £271,875 compares with Halifax and Nationwide surveys, which currently give average prices at £187,188 and £188,374 respectively.


Avard Estate Agents, www.avard.co.uk
Sales: 01273 696000/sales@avard.co.uk
Lettings: 01273 748828/lettings@avard.co.uk