‘First quarter figures showing a move in the right direction’

Property
Property

Overall market conditions for the UK show welcome signs of improvement, according to data collated in the Move with Us Residential Market Review for the first quarter of 2013.

In March, the average asking price was the highest seen in recent years, climbing 1.2 per cent 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 the year, there was a surge of new properties listed on the market in January and this increase continued throughout the first quarter.

Adding further weight to national reports that the market is improving. Around 117,000 new properties came to the market in England in March, 125 per cent more than in December 2012, reaching levels not experienced since May 2012.

Move with Us director Robin King 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.”