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February ’11 House Price Index from Rightmove

Posted By Avalon Construction & Design on March 2nd, 2011 in category.

Key Points from this month’s report

 

  • This month’s new sellers mimic last year’s February hike by increasing their asking prices by 3.1% to an average of £230,030, leaving year-on-year prices virtually the same too (+0.3%)
  • In a three-tier market, lenders court ‘bargain-hunting bottom-feeders’ and the ‘low-loan to value elite’ but shun the ‘average buyer’ of the traditional volume end of the market
  • Rightmove measured 1.3m properties marketed in 2010 – against only 530,000 mortgages
  • A few ‘elite’ markets moving, with new seller numbers in London up by 21% on previous year, but downsides to current market mean nationally average prices and volumes remain flat

By Avalon Construction & Design: March 2nd, 2011 in category.