By using this website, you agree to our use of cookies to enhance your experience.
Written by rosalind renshaw

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.


  • icon

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

    • 13 May 2009 19:30 PM
  • icon

    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.

    • 13 May 2009 12:16 PM
MovePal MovePal MovePal