• Asking prices for properties in the UK will rise by 2% in 2017 - Rightmove

Market news

12 December 2016

Asking prices for properties in the UK will rise by 2% in 2017 - Rightmove

Asking prices for properties in the UK will rise by 2% in 2017, although sellers in inner London will be asking less as the bubble "continues to deflate", property website Rightmove has predicted.

Sellers entering the market over the past month have priced properties 2.1% lower than those putting homes up for sale the previous month, at an average of £299,159, but Rightmove said it expected next year to be a seventh consecutive year of rising prices.

Despite uncertainty over the UK's decision to leave the EU and stretched affordability, new asking prices are 3.4% higher than in December 2015, and the firm said it expected high demand to continue to lift prices.

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