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Housing Today
Trusted media brand of the Chartered Institute of Housing
Lack of supply prompts rise in house prices
Rightmove says shortage of available stock is creating sellers’ market
House prices have risen by just under 1% in the past month according to online property portal Rightmove, with the firm describing conditions as the “best spring sellers’ market” in a decade.
The firm’s latest monthly index showed that average asking prices have risen by 0.8% given a sustained shortage of homes for sale coming on to the market.
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