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