Asking price dip no reason to worry, says Rightmove

Lowered sale prices attract buyers looking for competitively priced London property


News that the asking price of properties newly introduced to the market has dipped by 1.1 per cent over the past month is no reason to worry, says the property portal Rightmove.

Rightmove director and market analyst Miles Shipside says this is less than the average 1.8 per cent drop usually seen at this time of year. According to Shipside, "this is the smallest drop in average November asking prices since we saw the same figure - down 1.1 per cent - in November 2011. Furthermore, the average time to sell of 65 days is one day quicker than at this time last year. However, the asking price for one or two bed flats has actually risen by 1.7 per cent over the past month, making homes for first time buyers slightly less affordable."

If you are looking for competitively priced London property for sale - particularly one and two bed apartments in central London - we would be delighted to help. Just call Daniel Cobb for a chat with our sales teams.

For information on micro apartments, an affordable living option in Central London, read Micro apartments: Affordable new homes with magical space solutions. Another article worth reading if you're downizing is Upsize or Downsize? Find your dream retirement property.

 

"The asking price of properties newly launched on the market has dipped by 1.1 per cent in the past month says Rightmove - but this is less than the average 1.8 per cent drop usually seen at this time of year."

https://www.estateagenttoday.co.uk/breaking-news/2016/11/asking-prices-dip-but-no-cause-for-panic-says-rightmove