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'More Bristol property for sale in new year'

20 January 2010

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The new year has seen an increase in the level of property up for sale across the UK, including in Bristol.

 

This is according to Selwyn Lim, director of Mouseprice, who attributed the rise to people waiting until after the festive season to put their homes on the market.

 

He remarked: "There is some seasonality in the property market and that seasonality is caused by people preferring to put their property on the market at the start of the year."

 

Homeowners are reluctant to put their residences up for sale just before the Christmas period, Mr Lim added.

 

His comments come in the wake of the release of figures produced by Rightmove, which showed that asking prices went up by 1.2 per cent during the first week of 2010.

 

The firm found that the average property is on the market for £222,261 - an increase of 4.1 per cent on the same time last year.

 

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