Rightmove predict eight percent increase

Rightmove predict property prices to rise by as much as 8 per cent next year.

The predicted rise a testament to a lack of supply.

"There's a listing gap to fill. While sales transactions are up 13% so far in 2013, the number of newly listed properties is only up by 2%," said Miles Shipside.

The website report a 5.4% rise in prices this year, with the average asking price for December slipping back to £241,455 thanks to the typical winter slowdown.

The site predicts the market will remain divided. In the south the prosperous towns and cities such as Bath, Bristol, Cambridge and Oxford will do best, and in the north, Manchester, Leeds and York should out perform other regions.

London and the South East will continue to do well, because of high demand and supply shortages.


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