The Inside Edge
According to Rightmove average asking prices rose in July for the fifth time this year, up 0.6% (£1428) from last month. Rightmove’s interpretation of the data suggests the return to a ‘steady state’ in the housing market having seen a marginal 0.4% drop in June interupting a steady 4 month run of rises between 0.9 and 2.4%.
Looking back the lowest ebb was winter last year – this combined with the data suggesting buyers and sellers are returning to the market with confidence has prompted the claim that the time for bargain prices is passing.
Read the full report here.