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House prices fall or rise (take your pick)
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Knight Frank stay quiet after conman is jailed
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A tenant who faked his identity when renting through Knight Frank has been jailed for three

Rich overseas buyers keep prime London market aloft
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Chinese buyers are expected to replace Russian investors as major players in the prime central London

Moving occasion: today's the day!
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The most popular moving date is today, September 1, the Post Office has revealed. The two next

Prospective first-time buyers sink to new low
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The proportion of buyers expecting to buy for the first time in the next 12 months

Housing market 'edging towards double dip' claim
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Net lending plummeted in July to the second lowest monthly figure since records began in 1993,

Henry Pryor Blog
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Welcome to a new monthly blog by Henry Pryor, estate agent turned entrepreneur, inventor and expert

Rightmove profits climb 39% as more agents sign up
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A rise in the number of agents and an overall willingness to pay more to Rightmove

Portal creates new 'check out your competition' stats
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Property portal Home has created some new statistic pages on its site which we reckon will

Six in ten mortgages are now for house purchase
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The proportion of mortgages being taken out for purchases, as opposed to remortgages, is at its

News Story

Asking prices up – selling prices down

Wednesday 13th May 2009

Asking prices in most of England and Wales went up 1.1% during April.

Property search engine Home, which gathers data from a wide range of property websites, said that asking prices have now been going up steadily for three months in London and the home counties after earlier falls.

On average in England and Wales, asking prices are only 5.6% less than this time a year ago.

However, the site warns that houses are taking longer to sell, with the typical time on the market now 184 days.

The rise in asking prices is in marked contrast to the latest Government figures on selling prices. According to CLG, UK house prices fell by 3.8% in the quarter ending March 2009. This followed a fall of 6.4% for the quarter ending December 2008.

Not surprisingly, thousands of asking prices have had to be slashed. According to Globrix, 13,683 sellers cut their prices by an average of £19,175 in the quarter ending March.

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Posted By phil on Wednesday 13th May 2009 19:30:23

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Vossy......you are very right.

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Posted By Vossy on Wednesday 13th May 2009 12:16:24

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Asking prices have only gone up as Agents fully expect buyers NOT to pay anywhere near the asking price..regardless of how accurate it is in the 1st palce. So to add say 10% onto an asking price with the full intention of having to negotiate it down again seems common place.

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Editorial Contact Details - Rosalind Renshaw | rosalind.renshaw@estateagenttoday.co.uk | 01252 843 566.