Property prices rise, but annual slowdown continues

Professional Adviser
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Property prices across the nation are still rising but the annual rate of increase is continuing to ...

Property prices across the nation are still rising but the annual rate of increase is continuing to slow, a new survey indicates. Statistics from Rightmove.co.uk suggest the average asking price rose by 1.3% in June, with the number of properties coming off the market now overtaken properties coming onto the market. But the annual increase for this month fell to 14% compared with 22.1% in December 2002 and with 15.6% in May this year. Additonally, estate agents currently have 63 standing properties per branch compared with 40 in June last year, leaving a large supply of...

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