Right Move September 2016 Latest Trends

Posted on 20th September 2016

Bottom-end post-Brexit bounce squeezes first-time buyers

Price of property coming to market rebounds by 0.7% (+£2,277) after falling 2.0% over previous two months

First-time buyers in danger of being marooned by rising prices cutting them off from home-ownership:

Monthly jump of 3.3% (+£6,240) in price of newly-marketed property with two bedrooms or fewer

New seller asking prices now almost £20,000 (+10.5%) higher than a year ago in this sector

Higher prices mean higher deposits and repayments, negating the benefits of falling mortgage rates

Broadly positive picture overall as the market continues to shake off post-Brexit vote uncertainty:

Seven out of 10 regions see asking price rises or standstills this month, compared with eight falls last month

First full week of September sees visits to Rightmove up 8% on same period in 2015

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