If you are an unoccupied property insurance client you will probably be keeping an eye on the sales market. Take a look at Rightmove.co.uk where you can see the Rightmove House Price Index for December 2011.
The key points are:
• 2011 ends with national average asking prices little changes (+1.5%) on a year ago.
• The key to buying and selling in 2012 will be being “micro-market savvy”.
- Sellers must analyse their local competitive edge in terms of location, accommodation and price.
- Buyers could find areas with a lack of choice and high prices, or a glut of bargains, all within a few miles of each other.
Miles Shipside, director of Rightmove explains:
“The market fragmentation caused by the credit crunch means that success in selling now requires a very careful and complex local market analysis”.