The supply of properties in the UK remains tight, according to rightmove.co.uk’s September Real-Time Property Report. This follows a steady decline in availability of good quality homes throughout 2002. There was an upswing in asking prices as the national average rose by 2.3% after an average rise of 1% during the summer.
Miles Shipside, housing expert at rightmove.co.uk, said: ‘The shortage of properties in many areas means it is still a seller’s market, particularly in the lower and middle-price brackets. The shortage and continued demand are resulting in renewed increases in asking prices.’