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Prices Are Rising

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Sell My House Quickly found another interesting article about properties in Stirling. UK property market: Locations where asking prices are rising the most.

Prices Are Rising

Britain’s housing market is booming, and as demand continues to outstrip supply the price of property is rising.

Average house prices hit a new record high in April, data from Rightmove shows, with the South West seeing England’s largest increase in the cost of homes. New data from the property website has revealed the top hotspots in Britain for asking prices.

According to Rightmove, Bath has seen the biggest increase in asking prices of any UK city over the last year – rising 15% to £558,018. Truro, in Cornwall, ranked second on the list, with asking prices jumping 14.8% to £323,209, while Southend-On-Sea – the UK’s newest city after being granted city status earlier this year – was third, with a rise of 13.4% to £343,033.

The top five city asking price hotspots were all in coastal and countryside areas.

It highlights the balance many buyers are looking to find between being near to work and city amenities, and having more space.

The mismatch of supply and demand is leading to the rises, Rightmove said. In the South West, the number of properties available has dropped by 39% compared to last year.

Glasgow is the most competitive city to buy a home, measured by number of people enquiring about each available property, followed by Stirling and Sheffield.

Exeter has seen the biggest increase in the level of buyer competition since last year, with competition more than doubling over the last year to more than 110%. Lancaster is the second competition hotspot (+100%) and Worcester is third (+99%).

We found this article about Sell My House Quickly found another interesting article about UK property market: Locations where asking prices are rising the most on Bristol Live. Kindly click the link to read the full story.

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