'Strong November Sales Outweigh Uncertainty As Rightmove Forecasts 2% Rise In 2017'

The 'House Price Index' released by Rightmove back in November projects some interesting results. 

• Price of property coming to market falls by 2.1% (-£6,511), exactly in line with seasonal average of last six years

• Rightmove forecasts 2% house price increase in 2017, the seventh consecutive year of rising prices:

• Buoyant November indicates upwards price pressure going into next year, though tempered by ongoing uncertainty and increasingly stretched buyer affordability

• Demand up in November 2016 compared to 2015: website visits up by 9%; sales agreed up 5.2% nationally and up in all regions except London

• Supply still tight with new listing numbers up by just 2%, and available stock for sale per agent down 5% 

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