Source:  Rightmove 

 

New price record and best sales since 2007 should mitigate pre-election jitters

  • Price of property coming to market hits record high, up 1.1% (+£3,547) to £313,655 this month, though lower than the average increase of 1.6% at this time of year over the past seven years
  • Overall annual pace of increase continues to slow, now at 2.2%, the lowest for four years:
    • First-time buyer sector is driving growth, up 6.5% annually to new record of £194,881
  • Strong buyer activity with the number of sales agreed the highest at this time of year since 2007, before the credit crunch

To read the full report, click on the link:  http://www.rightmove.co.uk/news/house-price-index/?utm_source=investors-newsletter&utm_medium=email&utm_content=hpi&utm_campaign=may17