Busiest Ever Month At Rightmove | 27.08.2009

Prices fell by an average of £5,102 in the past month, however with August being a seasonally slow month should this be a concern? A busiest ever month at Rightmove suggests there is strong demand for housing, so what’s preventing a more steady housing recovery?

According to Rightmove’s commercial director Miles Shipside access to mortgages is playing a key factor: “After several months of activity and prices revving upwards from last winter’s low point, both will start to hit the limiter without more mortgage finance. In spite of pent up demand, the market and pricing is boxed in by restrictive lending criteria put in place to ration mortgages given the lack of funds available to lenders”.