Rightmove Reports Asking Prices Rise for Third Consecutive Month

The latest figures from the property website Rightmove adds further support to the belief that the housing market may be starting to recover.

Asking prices rose by an average of almost £4,000 in the month to 11th April compared to the previous period, the largest increase in 14 months said Rightmove who use up to 200,000 properties to produce their report. The average price rose by 1.8% in April to £222,077, although the annual rate still shows a fall of 7.3%. The company claimed it was a sign that a price floor may finally have been reached and confidence is starting to return. Miles Shipside, commercial director of Rightmove, said "It looks like we are now bumping along the bottom of the trough, but for there to be any real sense of optimism that we’re on a sustainable road to recovery, the availability of mortgage finance needs to improve significantly.’ Rightmove also claimed that 22,000 people per week put their homes on the market, a 13% rise.

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