The latest on the housing market, property inspiration and home-moving news.
New-to-the-market sellers in London slightly reduced their average asking prices by 0.4% this month, retaining most of last month’s large gains when Rightmove recorded prices going up by 5%. London continues to buck the national trend as generally the UK saw a much larger average price fall of -3.2%.
Anthea Turner is selling her £6.5million Surrey home. The TV personality had decided to keep the property through her husband’s bankruptcy in which they were forced to sell their dream ski chalet in France, but it seems the former GMTV presenter has chosen to move on.
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The proportion of first-time buyers set to enter the property market has seen a recovery from the record low seen last quarter.
Boasting breath-taking views of the crystal clear sea and flanked by acres of woodland, Waterwynch house is a cash-rich buyers paradise. And the stunning estate in Pembrokeshire that has played a major role in Welsh tourism for the past 200 years is now officially on the market!
This month saw what’s said to be ‘the world’s smallest apartment’ come onto the market. Once a former porter’s closet, the studio property measures just 5m2!
The Rightmove House Price Index has seen an increase in average asking prices every October for the past 10 years, so it was perhaps not surprising to see a 3.1% rise over the past month.
An October increase of 4.3% or less would have meant London prices fell year-on-year. However, the 18,497 sellers who came to the market in the last month increased their average asking prices by 5% compared to sellers in the previous month.