UK property prices in October soared by 3%

Landlord Expert
By Landlord Expert October 21, 2010 11:25

This is the third month that the prices are at a high, this even after estate agent had several homes listed. According to Rightmore, this was a bullish market, and the same trend that the market was following since 10 years. However, a few people thought that the prices could fall.

Fall in property prices are responsible for people putting up their homes on sale. According to Rightmore, every estate agent had around 78 properties to be sold. 11% properties were put up every week for sale this was in comparison to home sales for 2009.

However it still seems to be a buyers market since after the summer break, activity in the market is yet to pick up. Infact buyers have not shown much interest in buying, with respect to the real estate market.

Director of Rightmove, Miles Shipside commented saying that the current market had too many challenges to face and the sellers increasing their sale prices by over 7,000 will need to do some explaining.


Landlord Expert
By Landlord Expert October 21, 2010 11:25

Membership Login

Register| Forgot Password?


Recent Member Comments

  • Carlo Gaudiano { Dear Landlord Expert. I have two tenants in a spacious 2 double bedroom garden flat. I want to allow them to sublet the 2nd double... }
  • User AvatarJohn Walters { need advice on a difficult situation please. I have a very difficult and aggressive tenant in Bolton who refuses to pay rent or move out... } – Jun 01, 10:41 AM
  • Philip Haworth { Is there a letter to raise order for possession of the property. }
  • User AvatarLandlord Expert { We do not know of any issues. There have been 3 questions submitted today and have been published although I see none for you. Providing... } – Apr 20, 4:51 PM
  • User AvatarJazz Sounds { Is something wrong with your site? In your "ask a question" section I am unable to post my question. I am also unable to view... } – Apr 18, 10:37 AM
  • Older »

News Archive