You are here: Home - Mortgages - Buy To Let - News -

House prices recover from post-Olympics lull

0
Written by:
15/10/2012
October house prices rebounded by 3.5%, the biggest increase for eight months, reported Rightmove.

This has reversed the Olympic-induced price lull over the summer, which saw asking prices of property coming to market fall by 4.6%, or -£11,377 over the third quarter, it said.

Miles Shipside, director and housing market analyst at Rightmove said: “This month’s jump of more than £8,000 in asking prices is partly an anticipated bounce after the Olympic-induced flattened activity , though with all regions seeing increases it also provides evidence of some life in the market.

“The prospect of a few active selling weeks before the winter slowdown means estate agents are keen to attract fresh stock to try and land more buyers. However, this stock-building could backfire if they agree to over-ambitious pricing to please a seller, as it could curb a potential buyer’s enthusiasm to arrange a viewing if the over-priced alarm bell starts ringing.”

Rightmove said that estate agents are reporting that mortgages are still no easier to obtain with “risk-averse lenders nit-picking every detail of the mortgage application paperwork, even from buyers who seem squeaky clean,” added Shipside.

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
2216989-rbs-logos
Virgin Money linked to RBS branch sale deal

Virgin Money has made "informal" contact with Royal Bank of Scotland (RBS) over the sale of 300 of its branches,...

Close