House asking prices have risen to their highest level for nearly three years, with some home owners demanding unrealistic amounts, according to a report released today.
The UK economy returned to modest growth in the first three months of 2011, official figures reveal today, following a shock decline at the end of last year.
Overly optimistic sellers increased their asking prices by 1.7% in April but potential buyers continued to stay away from the market, leading to a glut of unsold homes.