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Rightmove reports “trouble on the terraces”
Tightening lending criteria has hit prospective buyers of terraced properties hardest, Rightmove reports, as they are least able to save the necessary deposits. In response, sellers of the typical first-time buyer terraced home are sitting tight, with new stock of this type of property down 31% in March, compared with pre credit-crunch levels. In addition, [...]
UK house sales stabilise but outlook “mixed”
UK house sales stabilised at the end of 2010, but the outlook for the property market remains mixed, says the latest housing market survey from the Royal Institution of Chartered Surveyors (RICS).
In the three months to December, the average number of completed sales per surveyor stood at 15.2 with transactions highest in the East Midlands [...]
Rightmove: asking prices nudge up in January
In its January House Price Index, Rightmove reports that average asking prices have risen to £223,121, following substantial falls (amounting to 6.2%) during November and December.
A scarcity of new sellers was behind the 0.3% increase in the average vendor’s ambitions, taking the annual rate of asking-price inflation to 0.4%.
According to the property portal, the number [...]
