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UK asking prices at record highs but it could take six months to complete your purchase
Figures from property search portal Rightmove released this morning point to new record highs in asking prices, which are now on average 5.5 percent higher than the same time a year ago. As of the beginning of October, the average asking price was £323,530, an increase of 1.1 percent from £319,996 in September. It’s worth bearing in mind, however, that these are asking prices, not sold prices. Nonetheless, as a result, Rightmove are forecasting that annual house price growth will hit a peak of seven percent by December. That’s the positive news. If you’re selling a property, of course. The potentially ... (full story)