Many in the country have lamented the poor housing market trend that has been a bit sluggish lately. However, a new phase is showing signs of becoming the norm, as Greycoat real estate specialists comment. More property sellers are showing their newfound market confidence by quoting rising asking prices across London and other parts of the country.
Average New Seller Asking Prices Have Risen 1.3 Percent This Month
January is already showing higher housing market prices from sellers across the whole United Kingdom. This is the highest increase in prices since 2020, and Greycoat Real Estate cautioned that this higher rate is still under what is considered normal for the month of January. However, this is certainly a promising sign that things in the real estate landscape could be returning to a more normal pattern.
All Eyes on the Latest Rightmove House Price Index Numbers
Greycoat has more to share on this. Many U.K. based real estate agents and other professionals have their eyes on the very latest Rightmove House Price Index that is showing that sellers are bolder this year so far. These sellers are starting the new year at a faster rate with many sellers entering the market in its early year stage.
Research focused on this same period of time last year proves that the higher numbers of properties on the market at higher asking prices is up around 15 percent this year. Additionally, the buyer market numbers are also up by 5 percent.
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