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Realistically priced homes selling quick

PUBLISHED: 08:00 09 June 2006 | UPDATED: 10:59 22 October 2010

Property commentators are revising upwards their estimate of how much house prices will rise during 2006, as strong buyer demand strengthens sale prices.

Property commentators are revising upwards their estimate of how much house prices will rise during 2006, as strong buyer demand strengthens sale prices. The market is very much one of two parts, with buoyant activity in lower value sectors and much slower selling - sometimes still requiring price trimming - higher up.

However, there is no sign of a runaway price boom, with realistic asking prices paramount to achieve a speedy sale.

Philip Macdonald, managing director of Abbotts Countrywide, part of the UK's largest estate agency group with branches throughout East Anglia, says now is a good time to sell. “In today's healthy market, property should find a buyer within the first few weeks if correctly priced.”

He adds that the supply and mix of new housing is failing to keep pace with demand.

“We must not forget the need for family houses in the rush for higher density development. People wanting to move should put their own home on the market when they start looking. This will sustain supply and choice, but it is important properties are well presented, and that market appraisals are supported by evidence of recent sale prices.”

Rightmove, Britain's largest property website, is predicting annual price rises of around 5.4pc for East Anglia, somewhat lower than some other regions.


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