3C Blake Mews, Richmond, TW9 3GA

3C Blake Mews
Richmond, TW9 3GA

Tel: 020 8834 7072

September ’12 House Price Index from Rightmove

Posted By Avalon Construction & Design on July 30th, 2012 in category.

Key Points from this month’s report


  • New sellers drop average asking prices for the third consecutive month, down by 0.6% (-£1,402) on the month and 4.6% (-£11,377) on the quarter
  •  The fifth anniversary of the run on Northern Rock provides an opportunity to reflect on the pre and post credit-crunch property market landscape:
           – Average price of a property coming to market this September is virtually unchanged on a year ago at £234,858 (+0.7%)
– Prices this month also unchanged on five years ago (Sep 2007) at £235,176 – down just 0.1%
– In contrast average asking prices in previous five years (Sep 2002 to Sep 2007) saw a 55% rise

  •  Average price ‘standstill’ in the last five years masks credit-crunch winners and losers:

– Winners: home-owners in London and the south, cash-rich buyers and buy-to-let investors
– Losers: ‘trapped renters’, ‘mortgage prisoners’, ‘downtrodden down-traders’, and sellers in the ‘cash-strapped north’

By Avalon Construction & Design: July 30th, 2012 in category.

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