House sellers’ asking prices have soared to a new high, in further signs of confidence returning to the market, a property website has reported.
A 2.1% month-on-month rise pushed average prices to £249,841 this month, with new record prices set in London, the South East and East Anglia, according to Rightmove.
This has been the strongest start to the year since 2004 in terms of asking prices, with average prices rising by 9.1% or more than £20,000 in 2013 so far, the website said.
London asking prices surged past the half a million pound milestone for the first time this month, standing at £509,870 typically.
As well as being more than double the national average, asking prices in London were 8.6% higher than a year ago.
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If there is one thing more stressful than buying or selling a property, it is doing both together. And of course this is what many of us do when we move on from our first home to our second, and to subsequent properties after that…
Mortgage lenders appear to be giving with one hand while taking with the other, as they drop rates to all time lows, but ramp up deal fees to the highest level ever.
In just the first few months of this year alone, the average mortgage fee has jumped by £100 to a record high of £1,522, according to analysis by Moneyfacts.co.uk.
At the same time, eye-catching headline rates have plummeted. The average two-year fixed-rate mortgage for homeowners with a 40% deposit is now at 3.5%, dropping from 3.95% at the start of the year.
And Move Man and Van Service provides of high quality professional removals and man and van service by working with you in moving your personal furniture and household, items from houses, flats and business premises. And Move South West London Removals can help you relocate into your new premises or pack everything into temporary storage while you are in between homes.