UK asking prices hit record high
24th August 2012

Research is showing that the average UK asking price has increased to £232,000 in June 2012, from £228,000 this time last year.

This figure contradicts the recent RICS UK Housing Survey which identified falling prices as a market trend.

The research shows that sellers appear to have increasing confidence in the market and are expecting more for their properties and that asking prices across the UK have increased by an average of £5,540 in the last six months. The discount on asking prices buyers negotiated had also decreased showing the strength of the market.

This confidence appears to have had a knock on effect with the average number of days required to sell a property dropping by 45 days over same period.

Over the last few years the property market in the UK has proved itself to be very robust with house prices holding strong in the face of a tough economic climate and showing signs of overall progression with buyers and sellers alike viewing local market conditions more positively.

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