For the third consecutive month new sellers have raised their average asking prices, this
time by 1.8% (£3,996). It could be argued that one or two months of rises is the result of
traditional spring optimism and volatility caused by low volumes, but three months in a row
and the largest rise for 14 months may indicate that we have finally reached a price floor
and confidence is starting to return.
But there are plenty of causes for caution… mortgages approvals still historically very low.