The housing market has stayed quite stable this year, continuing with lower sales volumes and with depressed house prices. However, there are some indications that 2012 may end more postively. The NewBuy Scheme and planning reforms should help with supply and could lead to an increase in the number of houses being built. This will help to breathe new life into the market.
Rightmove.co.uk's House Price Index
monitors changes in house prices both monthly and annually, this gives a
clear view on the current state of the property market.
Octobers figures show a jump in new seller average asking prices of 3.5% (+£8,310), which is the biggest increase for 8 months.
average price of a property to go on the market during October was
£243,168 which is an increase of 1.5% from October last year.
Bristol we have lots of new build developments being built, many of
which have the NewBuy Scheme & First Buy options, these schemes will
hopefully help to encourage the Bristol housing market and boost the
(Sources R & S Magazine and Rightmove.co.uk)