According to Rightmove, sellers have been jacking asking prices for four straight months, leaving the average England/Wales asking prices 6% higher than at the start of the year. Mad? Even Rightmove think so, describing optimism as "misplaced". Unsold property is also on the rise, reaching the highest number of properties per estate agent branch (74) since May 2007. Rightmove's advice: price more keenly to pick up on the spring season, and don't get stuck before winter/autumn, when interest rates/cuts are likely to kick into the market.

Connells claims "sustained recovery" in residential property market [14 April, 2011]

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