3C Blake Mews, Richmond, TW9 3GA

3C Blake Mews
Richmond, TW9 3GA

Tel: 020 8834 7072

July ’11 House Price Index from Rightmove

Posted By Avalon Construction & Design on July 27th, 2011 in category.

Key points from this month’s report

 

  • July sees the first fall recorded in 2011 as new sellers drop asking prices by 1.6% (£3,797)
  • 7 out of 10 properties marketed so far in 2011 are still on the market, indicating that many equitypoor sellers are unwilling or unable to reduce their prices further—an opportunity for the equity-rich to cut their prices and do deals
  • Number of new sellers down 12% on July 2010, as many owners are unable to raise the deposit required to fund their next move
  • Retail price inflation outstripped property prices by 14% over the last four years, improving buyer affordability but undermining perception of bricks and mortar as a hedge against inflation

Read the full report here: http://www.rightmove.co.uk/news/files/2011/07/july-2011.pdf

By Avalon Construction & Design: July 27th, 2011 in category.

Leave a Reply

Your email address will not be published. Required fields are marked *