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Rightmove: Top-end sellers may need to alter price expectations
Some sellers remain optimistic about their price expectations as sales at the top end of the market begin to lag, Rightmove has warned. It comes as the latest Rightmove House Price Index showed the average price of all types of property coming to the market has risen by 0.8% since February to £365,357. This is below the average monthly rise of 1% seen in March over the past 20 years, which the portal said reflects a higher degree of pricing caution by many new sellers. However, the exception to this caution is a 1.2% monthly price jump in the larger home top-of-the-ladder sector. This is in contrast to more modest ... (full story)