U.K. home asking prices up 0.3% in Jan.: Rightmove

LONDON (MarketWatch) — British house sellers raised asking prices by an average 0.3% in January, marking the first rise in three months, property website Rightmove reported Monday. The increase follows a 3% decline in December. Compared to January 2010, the average asking price rose 0.4%. The market remains thin and prone to volatility, said Miles Shipside, director of Rightmove. “On the upside we have the shortage of fresh property stock that helps push prices upwards in popular areas, giving a positive sheen to countrywide averages,” he said. Pressure on the national average comes from “less desirable locations and property types where prices are under pressure due to a famine of ready, willing and able buyers,” he said.

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