Property asking prices have hit another record high, but a rush of new homes for sale and the sporting summer could apply the brakes, according to the latest figures from Rightmove.
Optimistic homesellers, mainly in London and the South East, have pushed up asking prices to a new national high for the third month in a row, the property listing website has said.
But it warned that more homes on offer, a two-tier market and economic worries meant that those without properties located in the most popular areas may find they have to cut their asking price to get their home sold.
Miles Shipside, director at Rightmove, said: ‘Agents report a two-tier market where those who can afford to price realistically are selling, while those who are equity-poor are struggling to sell as they often have to price up to make any prospect of a move viable.’
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