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BREAKING NEWS from the UK Property Market

Article:           “Stock famine still pushing up prices : London risen 12.8 per cent”

Published:       Thursday, September 17th 2015

Source:           Home


Data from property website Home says the biggest factor in pushing up prices continues to be a relative shortage of stock. It claims August recorded the lowest number of properties entering the market for that month since the onset of the financial crisis in 2008.

The average London home has risen 12.8 per cent or roughly £60,000 in the past year.

However, the south east has shown growing strength in the past six months, with prices rising by 6.1 per cent (actually faster than London during that same period).

Overall, Home says the mix-adjusted average asking price for England and Wales is 6.5 per cent higher now than it was in September 2014, with further rises expected before Christmas. 


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