Sturdy December growth points in 2015

The housing market is all set towards a strongest month since 2006 December and which leads to the prediction of optimistic year coming ahead, according to Rightmove. The 2015 annual price growth for properties coming to market has rose from 6.2% to 7.4% due to the dip in asking prices since 2006. Rightmove also predicted the rising demand and prices in more affordable cities such as Leeds, Edinburgh, Cardiff and Manchester, as highly-skilled workers are choosing to leave for buoyant city regions.

Miles Shipside, Rightmove director, says: “At the same time a fall is average at this time of year, this is December’s best post financial crash performance, hinting another round of price rises in 2016. Despite the shortage of supply in many parts of the market, demand for housing is still up. Although the average price of a property coming to market is already up by a heavy 7.4% compared to a year ago, there are predictions that prices will reach and break new records next year.”

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