March asking prices nudge up slightly

Those interested in DIY house selling will be interested to hear that property asking prices have risen slightly so far this month.

According to the Rightmove House Price Index, costs have increased by 0.8 per cent, with new listings rising five per cent compared to the same time last year.

However, the number of terraced properties up for sale has declined considerably over the past few years - down 31 per cent on March 2007 levels.

Miles Shipside, director of Rightmove, commented: "The spring bounce in buyer interest and slight pick-up in supply of fresh stock suggest that renewed activity in some sectors of the property market is managing to outweigh the impact of economic uncertainty."

It was recently predicted by Jane Marr, director at the Little House Company, that the prime London housing market would remain buoyant over the coming months, with central properties expected to do especially well.

  • Property News from Lawpack: buying or selling your own house? Straight-forward advice on DIY house selling.

Published on: March 23, 2011

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