Property Sellers Up Asking Prices

Property sellers inspired by property price increases of 9.3% towards the end of 2009 are becoming more confident in their asking prices according to property portal Rightmove.

During their assessment of January 2010, Rightmove reported that the average property owner hiked up their asking prices by as much as 3.2%, in the hope that 2010 would prove as prosperous as the end of 2009…


Speaking on this rise, commercial director Miles Shipside of Rightmove believes this 3% jump is comparable to the property boom of 2007. A distinction that he supports by the fact that the UK property market hasn’t seen such rises since April 2007.

However many property advisors are becoming concerned about how long these property prices will remain sustainable. With many households in financial constraints and unable to raise sizeable deposits, they may soon not be able to match these growing property prices…

Of the regions believed to be most affected by these rising property prices, London in particular is feeling the upward pressure of growing property shortages and confident property investors. Continuing in their report, property portal Rightmove revealed that London asking prices are 10.3% higher than they were in February 2008 selling for on average £427,987.

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Fraser Stirling, Property Mentor Delegate

No matter what the media wants you to believe, property is still the only investment route where you can benefit from an asset that will NEVER go into zero value. Even when I was university I admired properties ability to withstand the economic elements and stay strong, even when other investment forms faltered or failed. X years on, I am now the proud owner of multiple property investments - one of which earns a passive income of £4,680 and my property portfolio is still expanding. Read more