Homes for sale at highest level for over two years...

14 June 2010

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Written by rosalind renshaw

The number of properties for sale in the UK has reached the highest level since January 2008.

Stock increased 9% after the election between May and June, and is now 35% higher than in January. It is the fifth month in a row that the number of properties for sale has risen.

The figures, from FindaProperty, also point to evidence of strong buyer demand, since despite the rise in stock, the average asking price rose 0.3% in June.

The average asking price is now £220,308, the highest for eleven months.

Findaproperty says that recovering house prices, the scrapping of HIPs and worries over changes to Capital Gains Tax have convinced would-be sellers to market their properties.

However, the asking prices on both FindaProperty and Rightmove look very optimistic when compared with actual selling prices. At the moment, the average house price is around £169,000, according to Nationwide.

Comments

- Brian
and fewer buyers so we spend more putting property on the market with no guarantee of a return, oh I know lets cuyt fees too! Same crap business model that could not see the opportunity for change that HIPs gave- watch the prattish posts to follow, all probably with record sales of 2 a week!
- 14 June 2010 13:34 PM