Average asking prices for residential homes rose just £14 between January and February this year, which according to Rightmove is the lowest-ever rate of increase for the month.
UK property prices have risen at their lowest-ever rate for February, according to data from the property website Rightmove.But the picture was mixed across the country, with prices rising and falling in different regions.
Months immediately after Christmas typically see big seasonal price increases, with more people buying and selling homes.Rightmove said the negligible rise between January and February suggested sellers were realistically pricing their homes in order to sell them in a market that has slowed sharply in recent months.House prices are still higher than they were a year ago
This month mortgage lender Nationwide Building Society reported the longest run of monthly falls in selling prices since the 2008 global financial crisis.The North East, North West, West Midlands, East Midlands and East of England all saw decreases of -0.1%, -0.3%, -0.1%, -2.3% and -0.1% respectively.
‘This month’s flat average asking price indicates that many sellers are breaking with tradition and showing unseasonal initial pricing restraint,’ he said.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Planning approved for new Skegness TEC campusPart of the £14 million Connected Coast Town Deal for Skegness
Lire la suite »
Home asking prices £14 rise smallest for 22 yearsProperty website Rightmove says the increase in average price tags is the lowest it has ever recorded.
Lire la suite »
Martin Lewis fan shares £950 water bill refund success after taking his adviceThe average bill will rise from April 2023 to an average £448 a year 💸
Lire la suite »
National Lottery results draw LIVE: Winning Lotto numbers Saturday February 18Results checker for Saturday's UK Lotto and Thunderball - results and winning numbers for tonight's draw
Lire la suite »
Xbox sales: TA Team Picks (February 18th)Microsoft's weekly Xbox sales are back and applying discounts to numerous games across Xbox Series X|S, Xbox One, Xbox 360, and PC. Come take a look at what the TA news team thinks are great deals.
Lire la suite »