Recommended housing prices reach a record-Belfast Telegraph
http://bit.ly/nSSuef
Recommended House prices have risen to a new record high, but remains well below their peak in 2007 when inflation is taken into account, a study says. The price of a home hits the market increased by 1% on the month in June to reach 246, 235 on average, but London is the only region where prices have gone to inflation over the last five years, the Rightmove house price index, found. Almost 30 000 new sellers a week came to market in the three weeks before Diamond Jubilee weekend, the highest proportion of new lists for almost two years, suggests the recommended price increases will slow down as the seller competition intensifies, the study said. Elections in Greece and concerns about the euro zone as well as the summer sporting events as Euro 2012 and the OLYMPICS is likely to dampen further domestic sales, with buyers interested in show sport than property, the study said. Recommended prices have risen to new record highs in the last three months in a row. But while the sellers price is up by 2% in August 2007, just before the economy facing a run on Northern Rock, they have fallen by 13% in real terms after the retail prices index (RPI) inflation is taken into account. London is the only region in the study, which covers England and Wales to record an inflation busting increase recommended prices, which is at a new high for the capital of 477, 440. Prices increased by 3% after inflation since August 2007. Prices in the South East also hit a new high of 318, 717, although prices in the region is 11% lower than in August 2007 in real terms. Asking prices have fallen at the bottom in real terms in Wales, where they are standing at 167, 875, fall a sharp 24% since August 2007. Rightmove Director Miles Shipside said: "better properties in areas that better remain in short supply, provide sellers of coveted stock, and their agents, trust to come to market at a higher price. "The property law within the commuting or holiday bolt-hole-spacing of the capital appears to be an attractive each way bet with the potential to be both lågkonjunktur-proof and offers great odds to keep pace with, or even outstrip inflation." View the original article here
http://bit.ly/nSSuef
Recommended House prices have risen to a new record high, but remains well below their peak in 2007 when inflation is taken into account, a study says. The price of a home hits the market increased by 1% on the month in June to reach 246, 235 on average, but London is the only region where prices have gone to inflation over the last five years, the Rightmove house price index, found. Almost 30 000 new sellers a week came to market in the three weeks before Diamond Jubilee weekend, the highest proportion of new lists for almost two years, suggests the recommended price increases will slow down as the seller competition intensifies, the study said. Elections in Greece and concerns about the euro zone as well as the summer sporting events as Euro 2012 and the OLYMPICS is likely to dampen further domestic sales, with buyers interested in show sport than property, the study said. Recommended prices have risen to new record highs in the last three months in a row. But while the sellers price is up by 2% in August 2007, just before the economy facing a run on Northern Rock, they have fallen by 13% in real terms after the retail prices index (RPI) inflation is taken into account. London is the only region in the study, which covers England and Wales to record an inflation busting increase recommended prices, which is at a new high for the capital of 477, 440. Prices increased by 3% after inflation since August 2007. Prices in the South East also hit a new high of 318, 717, although prices in the region is 11% lower than in August 2007 in real terms. Asking prices have fallen at the bottom in real terms in Wales, where they are standing at 167, 875, fall a sharp 24% since August 2007. Rightmove Director Miles Shipside said: "better properties in areas that better remain in short supply, provide sellers of coveted stock, and their agents, trust to come to market at a higher price. "The property law within the commuting or holiday bolt-hole-spacing of the capital appears to be an attractive each way bet with the potential to be both lågkonjunktur-proof and offers great odds to keep pace with, or even outstrip inflation." View the original article here
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