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Property market recovery continues
Monday, 19 April. 2010



Home sellers have ignored pre-election uncertainty and economic woes to return to the market and increase their average asking price by almost £6K over the past month.According to Rightmove, there was a 2.6% rise in the price of homes new to the market in April, a stark contrast with the rise of just 0.1% witnessed in the previous month.The increased confidence of sellers that they can achieve a higher price for their properties means the average home is now listed on the market at £235,512, around 6% higher than a year earlier.

The report also revealed that the number of properties being put up for sale has recovered to levels not seen since before the collapse of Lehman Brothers in September 2008.Meanwhile, the stamp duty changes unveiled in the Budget are thought to have contributed to increased activity, with those potential first time buyers previously deterred by paying 1% stamp duty over £125,000 now expanding their search into higher price brackets.




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