Average Asking Prices for Houses Falls Again
The latest Rightmove survey shows that the average asking prices for houses in England and Wales has fallen again, by 0.8% in the 5 weeks to January 12th. However, this fall was less than the figures for November and December.Rightmove said there were some signs that the market was improving in early January despite the fall in asking prices.
"Some homebuyers are now able to find properties that have fallen into their affordability zone, and are bagging what they see as bargains against previous prices," said Miles Shipside, commercial director of Rightmove. Some properties have had their prices dropped by 10% or more and are now within reach, satisfying some of the pent-up demand from previous disenfranchised buyers."
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