Homeowners looking for a company to help them sell house quick could be interested to hear that next year will be an “uncertain and fragmented” time for the UK housing market.
That is according to listings website Rightmove, which revealed 2011 ended with a 2.7 per cent drop in average asking prices.
It added that asking prices should rise by two per cent next year, but there will be an expected 1.2 million new sellers, down by around a third on 2007 pre-credit crunch levels.
Rightmove director Miles Shipside suggested the fate of the eurozone could also have a significant impact on the property market next year.
He said: “It’s like a high-speed train running along a damaged track, but could the bumps be so severe as to cause another Lehman Brothers-style derailment of the property market?”
December 19, 2011 at 11:54 am | Uncategorized |
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