UK average house price rises by more than £3,000 in 2024 [Yahoo! Finance]
RIGHTMOVE PLC UNSP/ADR (RTMVY)
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Source: Yahoo! Finance
The move upwards follows annual falls in every month since August 2023 and is a sign of growing momentum in the market, the property portal said. Meanwhile, the number of sales agreed in the first six weeks of the year was 16% higher than in the same period last year, indicating that early-bird buyers feel that 2024 offers the right market conditions to move, despite high interest rates on mortgages. Despite this optimism, the market remains price-sensitive, with many buyers very budget-conscious. Sellers who are over-optimistic and think that the more positive market sentiment will let them try asking for too high a price, risk being left on the shelf and missing out on the important spring moving season. "Early-bird Boxing Day buyers got a head start in cherry picking from a record level of new property choice and have now been joined by many other buyers also believing that 2024 offers the right market conditions to move," said Tim Bannister, director of property science at
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