No room for negotiation on property prices in Greater London

May 23, 2012 - PRLog -- Residential property in Greater London is achieving 100 per cent of the asking price compared to only 94 per cent a year ago, as well as enjoying a slight increase in asking prices, according to the latest statistics from Move with Us, the residential property expert.
Data collected in the quarter one Residential Property Market Review  revealed that buyers are now paying an average of £20,000 more for properties compared to this time last year. These figures coupled with fewer days to sell indicate that London is still a region that is outperforming other areas and looks set to show further signs of improvement during the next quarter.
Robin King, director at Move with Us, said: “Greater London is a robust market and these positive signs of improving sentiment in the area give homeowners hope that quarter two may bring further quantifiable improvements in the housing market.
“It is one of the few regions in the UK to experience declining days to sell compared to March 2011. Coupled with significantly reduced discount levels at sale and increases in asking prices the market in this region is much stronger than most.”
*Figures are derived from The Move with Us Residential Market Review quarter one 2011 and quarter one 2012 and is produced in conjunction with Home.co.uk. Information from more than 6,800 property sales completed by Move with Us together with data derived from around 800,000 property listings from Home.co.uk is analysed.



For further information, please contact:
Sarah Evans Toyne/ Lianne Robinson/ Chiara Barreca, Broadgate Mainland: movewithus@broadgatemainland.com / Tel. 020 7726 6111
About Move with Us:
•   We are one of the UK’s leading residential property experts, providing a broad range of simple and effective services to help consumers buy, sell and value their homes. Our aim is to do property, properly.

•   We provide free, impartial advice and tools to home buyers and sellers in the UK through our website and consumer helpline.

•   Founded in 1997, we operate one of the largest independent networks for estate agents with 1,100 agents’ offices across the UK ensuring that we have access to the best local knowledge.

•   We work with the best independent, accredited estate agents across the country, providing property instructions and a host of moving services to help provide our customers with a smooth and efficient move.

•   Based in Cambridgeshire, we have approximately 300 staff.

•   Our business growth has been recognised with a number of awards, including The Sunday Times Fast Track 100 award in 2005, 2006, The Sunday Times Profit Track 100 award in 2008 and 2009 and The Telegraph Fast Growth List, 2011.

•   For further information, please visit: http://www.movewithus.co.uk