Possible road to recovery for residential property market

Published:  29 May, 2013

Overall market conditions for the UK show welcome signs of improvement, according to data collated in the Q1 Move with Us Residential Market Review.

In March, the average asking price was the highest seen in recent years, climbing 1.2% since January which, coupled with rising numbers of new properties coming to the market, shows positive signs of an improving market.

As largely expected at this time of year, there was a surge of new properties listed on the market in January and this increase continued throughout the first quarter. Around 117,000 new properties came to the market in England in March - 125% more than in December 2012 - reaching levels not experienced since May 2012.

Robin King, director at Move with Us, said: “Although it’s still too early to call if the property market is improving, there are encouraging signs in place. Next quarter’s figures will confirm our thoughts and for the first time we will also be able to see what impact the Government’s new Help to Buy scheme has had on the market, if any.”

Below are some of the regional highlights:

For a full copy of the Move with Us Residential Property Market Review Q1 2013, please visit http://viewer.zmags.com/publication/a1b89b3d#/a1b89b3d/1/.

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