Homes for sale at highest level for over two years
News Category: Industry News
Published: 14-Jun-2010
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.
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