What Rightmove is terming ?Autumn Optimism? has apparently flooded into the housing market, as it says that in the past month sellers have raised their asking prices by 0.5%, halting the three month slide, leaving prices up 1.5% year on year. According to the property website, over 100,000 sellers entering the market have pushed up asking prices, and this has led to a downward shift in unsold property stocks from a peak of 73 in May to 71 last month. Rightmove says that despite some commentators predicting a significant fall in prices before a recovery, this has in fact not taken place, and buyers now have the confidence to re-enter the market as the threat of losing money on a purchase has receded. Miles Shipside, Commercial Director for Rightmove said: ?After five years of booming house prices, followed by a year-long worry about a crash, we appear to have had a ?soft landing?. Now we have touched down at a sustainable level of pricing, buyers and sellers are gaining in confidence. However, don?t expect the market to take off again until a refuelling by more first-time buyers, lower mortgage rates and a continuation of realistic pricing by sellers and their estate agents.?
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About time: The fastest and slowest moving housing markets revealedNew research by Zoopla has shown where it's easy to sell and where it will take quite a while to find a buyer.
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Betty is the first dog to scale all of Scotland’s hundreds of mountains and hillsFewer than 100 people have ever completed Betty's ‘full house’ of Scottish summits — and she was fuelled by more than 800 hard boiled eggs.
