Properties in East Anglia achieving higher percentage of asking price than last year

May 23, 2012 - PRLog -- Homeowners in East Anglia are achieving an average of £13,000 more for their properties in March, 2012, compared to prices achieved in March 2011, according to the latest statistics from Move with Us, the residential property expert.
The data found that slight house price increases coupled with reduced discount levels at sale meant that buyers are paying on average up to £13,000 more in March 2012, compared to March 2011.
The data also revealed that despite the increase in both the asking prices and percentage of the price actually achieved, the number of days required to sell property in the region has remained at similar levels to March 2011 with the average sale taking 120 days, compared to 150 nationally.
Robin King, director at Move with Us said:  “As a lead indicator for the wider UK property market, the increase in price levels in this region are a positive sign and suggests that we could start to see an increase in market confidence in the coming months.
“With more properties for sale and higher asking prices achieved, this appears to be a market that is improving.  Buyers in East Anglia are experiencing lower levels of discount compared to this time last year.  Not only that, but the number of days to sell has also remained steady suggesting that there is enough competition between buyers for sellers to achieve higher asking prices. East Anglia is definitely one to watch closely as the year continues.”
*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