New home sales increase while re-sale property asking prices drop – will this lead to more unoccupied property?
House builder Bovis has reported a doubling of profit and an increase in the price achieved for new sales compared to last year. This is while the property sales site Rightmove report a fall in the average asking price of 2.2pc compared to a normal decrease in August of half that figure over the past 10 years. Read More
People putting their houses on the market have dropped their initial price expectations by asking an average of £4,138 (-1.7%) less than sellers in the previous month. This is the first fall Rightmove has recorded in July since 2008. Read More
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