Asking prices climb to another record high as the property market sees its busiest ever H1
House prices are being inflated by "frenzied" buying activity and a continued shortage of properties being listed for sale. There's a 225,000 shortfall of homes for sale, estimates Rightmove; 140,000 more sales were agreed in the first half of this year, and 85,000 fewer new listings were marketed than the long-term (2014-2019) average.
Asking prices hit another record high, but ‘there are early signs of a slowing in the frenetic pace’ of the property market
Asking prices have increased in every region, reports Rightmove, with larger homes seeing the highest rate of property price inflation.
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Property market set for busiest year since 2007, on track for over 1.5 million residential transactions
Zoopla expects the total value of homes sold in the UK to reach £461 billion this year; that's 46% more than in 2020, and 68% more than in 2019...
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Average asking prices reach another record high
Three regions have seen asking prices climb by more than 10% in the last year-or-so, says Rightmove, while Greater London has seen prices flatline.
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Ultra-prime residence at The Knightsbridge has been relaunched at £70mn.
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