House Price Index - May 2018 Highlights

22 May 2018  |  Admin  |  0 Comments

Prices hit all-time high but number of sales agreed down 5% on 2017

  • New-to-the-market sellers push their asking prices up by another 0.8% (+£2,343) to a record high of £308,075
  • Seven out of 11 regions achieve their highest ever asking prices, with year-on-year price increases of over 4% in East Midlands, West Midlands and Wales
  • Record visits to Rightmove indicate strong interest in property, but uncertainty and stretched affordability have dented sentiment leading to more hesitant buyers and sellers in some areas:
    • Number of sales agreed by estate agents so far in 2018 is down 5.4% on the same period in 2017
    • London and commuter belt down most, with the number of year-to-date sales agreed versus 2017 down 8.5% in the South East, 7.8% in the East of England, and 6.9% in Greater London

You can see the full index here

It's a great time of year to start marketing a property, and our lovely searchers at I Am The Agent are waiting for more pads to whet their appetite. So get online and add your property for rent or sale today!  

Courtesy of Rightmove Group. 

 

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