3C Blake Mews, Richmond, TW9 3GA

3C Blake Mews
Richmond, TW9 3GA

Tel: 020 8834 7072

March ’11 House Price Index from Rightmove

Posted By Avalon Construction & Design on April 12th, 2011 in category.

Key Points from this month’s report

 

  • New sellers nudge up average asking prices by 0.8% in the continuing absence of mainstream or forced sellers – new listings up 5% year-on-year but still down 26% on pre-crunch levels
  • Housing market now driven by need for larger deposits, leading to greater liquidity for more expensive property types which appeal to a wealthier demographic, while first-time buyers and terrace sellers struggle
  • Number of terraced properties coming to market is down by 31% on March 2007 as the mass market stays in hibernation
  • Options for first-time buyers further restricted as developers build fewer flats and more houses. In 2009 the mix ratio of new build flats and house styles advertised on Rightmove was circa 50:50; today it is 70:30 in favour of houses

Read the full report here: http://www.rightmove.co.uk/news/files/2011/03/march-2011.pdf

By Avalon Construction & Design: April 12th, 2011 in category.

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