Investment Property News from Assetz

Assetz® Property News Service

House price 'reality gap' narrowing

13th November 2012 | back to article listings BACK    print this article PRINT

The gap between initial UK property prices and the final selling price of a home narrowed in the three months to September, according to a report.

An increase was reported in the average selling prices of flats and terraced houses in the third quarter, which caused the overall "reality gap" to close.

Website commissioned the study and discovered the typical selling price (122,915) for a flat in September was 8% higher than the average asking price (113,853) at the end of June, while detached homes sold for 18% less than their asking price average.

House prices in Scotland fell by an average of 1% to 167,619 overall during the third quarter, but the typical selling price of properties grew by 3.8% over the same three-month period.

The report also said the overall volume of sales dropped during the third quarter, with homeowners snapping up property for around 5% less than the asking price. However, this was nearly 10% lower than in the three months to June.

Copyright Press Association 2012

Assetz® is a UK Property Investment Specialist. Please visit our property sites shown below.

Assetz for Investors UK Assetz Finance

Accessing the news service

You can view all of the Assetz® UK Property Investment Articles and News here.

We also provide an RSS Feed Feed of the news service, or you can view all articles. Click here to view more information on RSS readers and how they make reading online news more convenient.

Cookies on our sites
The group of websites uses cookies, some of which may have been set already. Read about our cookie use. If you continue to use the site, we'll assume that you're happy to accept them. To dismiss this message please click the button.