11:27 AM, 15th October 2012, About 9 years ago 2
Rightmove House Price Index sees asking prices rebound post-Olympics this month by 3.5% an average of £8,310. This reported increase partially reverses the poor summer of monthly falls totaling 4.6% or an average of minus £11,377.
All regions throughout England and Wales are showing an increase in asking prices this month with London posting the greatest rebound with 4.8% an average of £21,834 and a new peak average asking price of £478,071.
Although Estate Agents are now testing higher prices, Rightmove is reporting that “few segments of the market can justify higher property values than the price peaks of 2007/8 and that fewer than 40% of buyers would arrange to visit a suitable property if they believed it was over-priced.”
Miles Shipside, director and housing market analyst at Rightmove comments: “The upturn in asking prices, in the absence of other positive influences, is most likely attributable to the continued shortage of new property supply. The weekly run-rate of fresh property stock this month is down by 0.4% on the same period a year ago.”
Below is a table showing Rightmove’s results by Region:
|Region||Avg Price Oct 2012 £||Avg Price Sep 2012 £||Monthly change %||Avg Price Oct 2011 £||Annual Change %|
|Yorkshire & Humberside||153,536||152,788||0.5||154,498||-0.6|
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity InsuranceBook Now
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|