3C Blake Mews, Richmond, TW9 3GA

3C Blake Mews
Richmond, TW9 3GA

Tel: 020 8834 7072

May ’13 House Price Index from Rightmove

Posted By Avalon Construction & Design on June 3rd, 2013 in category.

Key Points from this month’s report


• New national average asking price record of £249,841, as new sellers raise prices by 2.1%
(+£5,135) this month

• Fifth consecutive monthly rise leaves prices 9.1% (+£20,852) higher year-to-date, the strongest price start to a year since 2004

• South-led price surge as London, South East and East Anglia hit all-time highs

• London passes the £500,000 milestone with jump to £509,870, leaving the typical property in the capital more than twice as expensive as the national average

• Cheap money and more positive mood starting to release pent-up demand as evidenced by:
– Rightmove: “We’ve seen record activity – 1.25 billion pages in April, up over 20% on 2012”
– Surveyors: “We’re flat out carrying out mortgage valuations, not seen this for several years”
– London agent: “Last year’s activity was crazy, this year’s is ridiculous”

Read the full report here: http://www.rightmove.co.uk/news/files/2013/05/may-2013.pdf

By Avalon Construction & Design: June 3rd, 2013 in category.

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