Sellers look to capitalise on Easter optimism

March 21, 2005
Figures from property website Rightmove indicate sellers are looking to take advantage of the traditional increase in buying over Easter. House prices rose by an average of £1,132 last month, or 0.6%, as sellers anticipated a buying spree over the bank holiday weekend. But Rightmove warned that sellers were misguided if they thought buyers were ready to pay higher prices. A spokesman for the website said: “It’s counter-intuitive that sellers are looking to push up prices when there is already a huge oversupply of homes for sale.” Rightmove said the number of properties coming on the market was almost twice the number being sold or withdrawn.

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