Sellers Push House Prices Up 2.6 Per Cent

Wed, 21 Apr 2010

Property asking prices in the UK rose by 2.6 per cent in the month to April 10, according to new data from online property portal Rightmove.

The website’s figures show that the average price of a UK home increased by almost £6,000 to £235,512 between March 7 and April 10 as sellers pushed for higher returns on their property .

The rise is a considerable improvement on the 0.1 per cent increase seen in the previous four week period and means property prices are currently 6 per cent higher than they were this time last year.

Rightmove also revealed that the number of properties being put up for sale has recovered to levels not seen since September 2008, with more than 25,000 homes being put on the market each week in the last two months.

Last week the Royal Institution of Chartered Surveyors (RICS) revealed that activity among property sellers in the UK in March soared to its highest level since May 2007.

Miles Shipside, commercial director of Rightmove, said: "With weather disruptions out of the way, more sellers are coming to market and they appear to be ignoring the uncertainties facing potential buyers."

"Prices are up, but so is choice, and the two are not happy bedfellows in the longer term," he added.

"This year more than ever the traditional spring seller window is a price-sensitive one. If asking prices continue to rise, all but the most popular locations are building themselves up for some of the gains to be lost later in the year."

Related Estate Agents articles

Sellers Push House Prices Up 2.6 Per Cent - Wed, 21 Apr 2010

Homeowners Rushing To Put Properties Up For Sale - Thu, 15 Apr 2010

Stamp Duty Reduction Boosts First Time Buyer Activity - Wed, 07 Apr 2010

Further Rise In Letting Agent Complaints Leads To Calls For Industry Regulation - Wed, 31 Mar 2010

First Time Buyers Boosted By Stamp Duty Cut - Wed, 24 Mar 2010

Countrywide Agrees Luxury Property Deal With Sothebys - Thu, 18 Mar 2010

Countrywide Estate Agents Reveal Strong Start To 2010 - Wed, 17 Feb 2010

Freezing Weather Hits Housing Market Activity - Wed, 10 Feb 2010

International Estate Agent Launches Mobile Property Search Tool - Thu, 04 Feb 2010

Consumer Confidence In The Housing Market On The Up - Wed, 27 Jan 2010

More news...

Recommended links

Buy and sell property online
Interactive property map
Properties for sale
Property for rent
International property search
UK estate agents directory
Estate agent fees
First time buyers guide
Free conveyancing quote
UK surveyors directory
Slowdown In House Prices Rise Reported
House Prices Continue To Climb
Halifax Reports Small Rise In UK House Prices
London House Prices Soar To Record High
Slight Rise In House Prices Driven By Short Supply

Link to this page

Copy and Paste the following HTML into your page.<a href="http://www.estateagents.co.uk/News/2010/Apr/sellers-push-house-prices-up-2.6-per-cent-97245913.html" title="Sellers Push House Prices Up 2.6 Per Cent">Sellers Push House Prices Up 2.6 Per Cent</a>