U.K. Property Prices Rise for First Time Since May
Dow Jones
Sep 21
1108 GMT - The average U.K. house price rose 0.7% to 367,440 pounds in September, the first monthly increase since May, after a subdued and distracted summer, says Rightmove. The property website says the number of homes for sale is at a 12-year high, while the number of buyers enquiring across the market is 9% lower than this time last year. "With a large crowd of sellers chasing a smaller number of buyers, realism on pricing or a high-quality finish are absolutely key to attracting a buyer and making a sale," Colleen Babcock, Rightmove property expert, says. A home on the market for sale has a 61% chance of successfully finding a buyer at present, Rightmove adds.
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