U.K. Home Sellers Increase Prices in Sign of Rebound – Bloomberg 02-18-13

Salient to Investors:

Rightmove said UK home sellers raised their asking prices to the most for a February in 5 years as potential buyers increased, while half of purchasers are doing so for at least the third time versus only 22 percent of first time purchasers.

Miles Shipside at Rightmove said it’s far too early to champagne as certain sectors will remain on ice until the return of wider-spread mortgage availability. Shipside said that while London has been the out-perform market and the first to recover from the credit-crunch, there is a barrier to what people can afford to pay.

Read the full article at http://www.bloomberg.com/news/2013-02-18/u-k-home-asking-prices-rise-to-five-year-high-rightmove-says.html

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