Live updates

Advertisement

Asking prices rise in Wales bucking UK trend

Credit: Frank May/DPA/PA Images

House sellers' asking prices edged up slightly in Wales in August, a time traditionally when buyers were able to snap up a property at a bargain price over the summer holidays.

They rose by 0.2% according to property website Rightmove. It means the average price is £177,709.

Across the Wales and England a 0.8% or £2,258 month-on-month price fall took the average asking price to £292,284.

The underlying shortage of property coming to market compared to buyer demand has helped to deliver the strongest August price performance since before the credit crunch.

Buyers can normally pick up some bargains in August as sellers who are marketing their homes when they should be holidaying often have a pressing need to sell and mark their prices down pretty aggressively.

– Miles Shipside Director, Rightmove

Advertisement

Load more updates