Rightmove forecasts 2% house price rise in 2013Make Text Bigger
Rightmove have released their December House Price Index and along with that have made some bold predictions for property prices in 2013.
What are your predictions on house prices for 2013 we wonder? Why not leave a comment below this article and this time next year we will see who got the closest.
You can download a PDF copy of the Rightmove House Price Index for 2012 by completing the short form below. In the meantime, the following is a summary of their findings and predictions.
- New sellers take heed of winter slowdown and chop their asking prices by an average of £7,772 (-3.3%)
- In spite of the largest monthly fall ever recorded, new seller asking prices are still up by 1.4% in 2012
- Rightmove predicts the slow recovery will continue through 2013
- Rightmove forecasts a national 2% rise in 2013 assisted by greater competition among lenders to lend. However, with inflation running at more than 2%, housing is becoming cheaper in real terms
- New seller shortage will continue to underpin prices, with no significant increase to the circa 1.2 million new listings seen in each of the last three years
- Signs of slight improvement in the market, with average gap between final asking price and sold price narrowing to 3.7% in 2012 compared to 4.9% in 2009, 2010 and 2011
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