Sprightly start to 2013 but ‘old hands’ support the market

Rightmove have just released their February 2013 House Price Index which shows a “Sprightly start to 2013 but ‘old hands’ support the market”

The key points in their report are:-

• New seller average asking price at £235,741, the highest in February since 2008

• Further Rightmove research finds that age and equity will be the main market drivers in 2013 meaning ‘old hands’ are the most willing and able to move:

                  – Seven in ten (71%) who intend to sell in 2013 are over 45
                  – Half of those planning to buy in 2013 (49%) will do so for at least the third time
                  – ‘Downsizing’ the number one reason for selling in nine out of ten regions in the UK

• Encouraging signs of market activity as Rightmove sets new records for website activity and volume of enquiries in January, suggesting high levels of engagement

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