PROPERTY asking prices
have increased by almost PS2,500 in February with sellers "cautiously optimistic" about the housing market, new figures show.
High-end parts of the capital have seen average asking prices
plunge by more than PS300,000 since August.
The average price tag on a home is now PS317,281 - marking the second month in a row that asking prices
have hit a new record level.
The North was the only region where sellers' asking prices
were down year-on-year, with a 0.
The exception is London, where asking prices
are now 3% ahead of the national Retail Price Index (RPI), driven by a more robust market in the south of the country.
A six-story apartment building at 31 Ocean Parkway in Brooklyn is on the market with an asking price
Now, with plenty of supply and falling prices, sellers are lowering asking prices
and scurrying to doll up their homes to lure buyers who are comfortably back in the saddle and using their newfound leverage to take revenge.
Buyers reason that they will never know if you will accept less than your asking price
unless they ask, and so it is rare for an initial offer to be at your asking price
Even when the buyer and seller agree on a price, the lender often won't make a loan if the appraisal comes in lower than the asking price
5% fall taking the average asking price
The asking price
on a typical "second-stepper" home bought by families looking to upgrade from their first property has risen by 5.
7% or PS2,277 month-on-month increase in September took the average asking price
for a home across England and Wales to PS306,499.
This is PS19,975 higher than the typical asking price
in December 2014, which was PS269,477.
But as housing market confidence broadens, regions scattered across the country also saw strong year-on-year asking price