Rightmove announced yesterday that 2011 would show a small rise in UK property prices.
It seems the London property market is continueing to feed a North /South divide and thereby holding prices from falling.
Rightmove predict property price rise
Rightmove announced, “The average house price climbed by 0.6% during June to hit £240,394, the highest ever price for this time of year. Rightmove says that gains of 8.1% in the first half are expected to ebb away in the remainder of the year in line with the seasonal trend seen last year.”
With mortgage approvals still a lot lower than normal, any rise in property will be very marginal.
Do you agree, or do you think Rightmove are too pessimistic?
Place your comment