Property slowdown fear as average home costs £308k | Property | Life & Style


Across Britain the price of all properties coming on to the market jumped by £2,343 or 0.8 per cent month-on-month.

However, property website Rightmove warned last night that markets around the country are working at different speeds and the overall picture is less buoyant in price growth and number of sales agreed.

Director Miles Shipside said: “After six years of continual year-on-year price growth the current market is becoming increasingly price sensitive.

“Sellers need to pitch their price at a tempting level to entice buyers as, while there are signs of strong demand, there appears to be hesitation among some buyers to commit.”

In certain areas a lack of homes means that the right property at the right price is selling briskly.

Annual asking price growth of more than four per cent is still to be found in the Midlands and Wales.

But in London and the South-east it is down by as much as 0.2 per cent.

Russell Quirk, of website Emoov, said: “Over-optimism is continuing to push asking prices ever higher. This is becoming a big problem and the widening gap between asking price and sold price will only result in a further decline in buyer interest and continued slowdown.”



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