Asking price dip no reason to worry, says Rightmove
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."
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"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."