The number of people searching for a new property online has continued to grow and that can only be a positive sign for the housing market.
According to Rightmove, the number of people turning to the net to look for properties in the first ten days of this year was 27 per cent higher than in the same period in 2011.
Selwyn Lim, director of Mouseprice, believes that this is an encouraging indicator that the market will have a buoyant 2012, but also believes that it is a direct result of people switching from looking in newspapers to using their computer instead.
“It is definitely a positive indicator. I would water it down a little because of some elements. One is the shift in behaviour of more and more people searching online – it is a trend that has been going on,” he said.
“Since the internet began, more people have been searching online and that trend is continuing.”
Rightmove also reported that there was a 1.4 per cent rise in asking prices in the first week of the year.
London Housing Market News
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