[LONDON] UK home sellers raised asking prices for a sixth consecutive month, pushing average values above £250,000 (S$492,000) for the first time. Prices sought rose 1.2 per cent in June to an average £252,798, property-website operator Rightmove said in a report yesterday. The biggest increase in the year so far has been in the southeast, where asking prices have risen 14.8 per cent. The report is the latest to show strength in the housing market, after Acadametrics and LSL Property Services Plc said last week prices rose to a record. Government measures to unblock credit markets have helped a rally broaden from London, where prices reached another record, Rightmove said. "These increases, along with reports from agents and developers of a pickup in transactions, suggest a wider and more sustainable recovery as the price buoyancy of the London market shows signs of spreading across the country," the report said.
Posted on: Wed, 19 Jun 2013 01:55:42 +0000
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