The average UK asking price rose from £228,000 in June 2011 to £232,000 in June 2012, according to Move with Us.
Results from the property firm’s quarterly residential market review also found that five regions in the UK, the North East, North West, Yorkshire and Humber, East Midlands and the South West showed signs of an improving property market.
Figures are derived from The Move with Us residential market review, quarter two 2012 and is produced in conjunction with Home.co.uk. Information from more than 3,900 property sales completed by Move with Us together with data derived from around 720,000 property listings from Home.co.uk is analysed.
The asking price for properties across the UK increased by an average of £5,540 in the last six months, indicating that sellers have regained their confidence in the market and are expecting more money for their properties. Over the same time period the average days required to sell a residential property also dropped by 45 days.
“The property market in the UK has proven to be very robust over the last few years with house prices holding strong in the face of a tough economic climate so we are pleased that our latest figures have shown signs of overall progression and that buyers and sellers alike seem to be viewing local market conditions more positively,” said Ben Greco, director of Move with Us.
“Whilst asking prices have increased over the last two quarters, the discount that buyers are managing to negotiate has diminished marginally which, coupled with a 45 day reduction in the average days to sell, is yet another strong indicator of an improving market.”
