Rat and Mouse
Fri
11
Dec
Market report - sellers subdued

Asking prices have fallen for a second month, according to FindaProperty.com, down 0.4%, following a 0.5% fall last month. Across the year, there's a fall of 0.8%. The numbers are consistent with Rightmove's... and we find ourselves in the odd situation in which the asking prices indices, calculated by the portals, are more pessimistic that the official completion figures. The answer is almost certainly seasonal (sellers pricing to sell in a slow market), and perhaps the difference between asking price and exchange price has been reduced toward the end of the year. We won't know for a while. FindaProperty's London-specific figures show 0.6% fall on the month, but that's in the context of a rise of 7.1% annually.

Technorati Tags: , ,

Comments

The reason might be that good flats are sold without the need to be published on portals. There is not enough demand for keeping ugly flat prices up ?

Posted by Stef at December 11, 2009 1:54 PM


Please feel free to comment on this entry







 


POSTCODES
THANKS TO
ENTRIES BY MONTH
ABOUT
UK PROPERTY RESOURCES
US / INTERNATIONAL PROPERTY BLOGS
LONDON BLOGS
CREDITS
Publisher Editor Technical and Design Hosting Software