After the strong positive increase in February of 4.1% from sellers, it is unsurprising to find that March HPI is down. However the average house asking price has still increased quite strongly at 1.6%, leaving the average price at £236,939 – against £233,252 from last month
The represents an increase :
However with the end of the stamp duty holiday there are concerns by Rightmove.co.uk that the strong start to 2012 will be stifled.
Not only do first time buyers lose this stamp duty exemption, but also the properties typical to first time buyers are rising faster that semis and detached houses
Further more the deposit requirements placed on first time buyers means that they now have to raise between £15,000 to £40,000 in deposit
The regional difference seen in London has meant all time highs and Kensington and Chelsea now has an average asking price of £2,000,120.