Home asking prices hit post-recession low

Wednesday, 12 January 2011 10:52

December saw a 0.4 per cent decline in the average UK asking price, meaning that the average going rate for a house in the UK is now at its lowest point since the recession began, according to the latest Asking Price Index from home.co.uk

The recent monthly decline means that asking prices are now even lower than they were during the April 2009 slump, with sellers cutting their prices to win buyers in a subdued market.

The home.co.uk report shows that 26,940 houses are currently on sale for a reduced price, fewer than in November, but 32 per cent more than in December 2009.

This can be largely put down to the amount of time it takes to sell the average house, with the median time on market rising for the fifth month in a row, to 148 days.

Homeowners in London, the East Midlands and Scotland have been the best insulated against these price falls, but every other UK region has seen an annual fall in the average house asking prices.
 

Asking prices slide 0.3% in muted January market

For the fourth month in a row, asking prices have fallen back in the UK, according to the latest Asking Price Index from Home.co.uk, which shows falls in every part of England, Scotland and Wales apart from East Anglia.

Sellers asking for less in cut-price December market

Asking prices are falling across the board, with 38 per cent more properties being offered at a reduced price than this time last year, according to the latest house price index from Home.co.uk, which shows the steps that sellers are taking to find a buyer.

Average asking prices 'unchanged since July'

Typical asking prices for homes on the market in England and Wales have remained unchanged since July but, at around £227,752, are 0.7 per cent lower than a year ago, according to data from Home.co.uk.

Seasonal upturn adds 3.1% onto UK house prices

House prices in the UK rose by 3.1 per cent during February, as sellers looked to take advantage of the seasonal increase in asking prices, according to the latest House Price Index from Rightmove, which puts that average value at £230,030.

House prices slipped down 0.6 per cent last month

November saw the average house price in England and Wales fall by 0.6 per cent last month, according to the latest House Price Index from the Land Registry, which confirms the seasonal slump. Prices held up in London and the South East, which saw marginal increases.

 

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