U.K. home sellers raised asking prices for a fifth consecutive month, pushing values to a record and giving the market its best start to a year since 2004.
U.K. home sellers raised asking prices in April for a fourth consecutive month amid a shortage of properties for sale, according to Rightmove Plc.
London home sellers increased asking prices for a third month in November as the city’s wealthiest areas continued to lure overseas buyers, Rightmove Plc said.
London home sellers raised asking prices this month as the weakness of the pound fueled interest from overseas buyers during the spring selling season, according to Rightmove Plc.
Asking prices for homes in London surged to a record this month as values in the borough of Kensington and Chelsea rose to an average 2.2 million pounds ($3.5 million), according to Rightmove Plc.
U.K. home sellers raised their asking prices to the most for a February in five years as inquiries from potential buyers increased, Rightmove Plc said.
London home sellers raised asking prices to a record as they sought to tap the housing-market recovery and benefit from the scrapping of costly disclosure rules, Rightmove Plc said.
London house values rose to a record this month and the city’s property market may be further boosted as investors seek a haven from the euro-area debt crisis, according to Rightmove Plc.
London home sellers flooded the market in January and pushed up asking prices in the biggest new-year increase since 2008, Rightmove Plc said.
London home sellers cut asking prices by the most for a December in five years as an influx of supply and seasonal factors undermined pricing power.
"The pressure cooker of the London property market has been building up a head of steam every month since the beginning of the year."
- Miles Shipside on May 19, 2013