Property News · May 16, 2016

Average asking price for first-time buyer home jumps 6.2% in a month


Prices pushed up by ‘property drought’ caused by the buy-to-let brigade diving in before rise in stamp duty, claims RightmoveThe average asking price of a typical first-time buyer home leapt by 6.2% in a month after buy-to-let investors rushed to buy properties before last month’s stamp duty increase, according to figures on Monday.The average for properties coming on to the market in England and Wales with two bedrooms or fewer was £11,298 higher in May than in April, at £194,224, according to data from the property website Rightmove. Continue reading…

Source : theguardian.com
Read more…Average asking price for first-time buyer home jumps 6.2% in a month

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