UK property prices see slight rise
Property asking prices from new sellers in the UK increased slightly at the start of this month, latest Rightmove figures show, which may prove interesting if you are thinking of selling your own home.
So far in June, prices have risen by 0.6 per cent compared to May, although the company is unsure whether this trend is likely to continue.
With mortgage approval levels still low, it anticipates the rest of the year could prove difficult for the UK property market.
Gains of 8.1 per cent have been seen in the first half of the year, but Rightmove believes these will "ebb away", with asking prices set to fall by seven per cent over the coming months.
It was recently suggested by Peter Mindenhall, researcher at IPINGlobal.com, that property no longer provides people with an investment that they can sit back and watch gain value.
He did, however, explained that people in search of long-term investment opportunities are likely to have more luck with their purchases.
- Property News from Lawpack: Get expert advice on how to sell your own home yourself and save estate agents' fees
Published on: June 23, 2011
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