Rightmove, has revealed that new property coming to market are now at highest ever asking prices

Key Findings

  • The new record of £305,732 is £789, or 0.3%, higher than the previous record of £304,943 set in July 2017.
  • North West saw the strongest annual rate of price increase at 4.3%
  • East Midlands (4.2%)
  • Yorkshire & the Humber (2.7%)
  • South West (2.6%)
  • Wales (2.4%)
  • East of England (1.2%).

Miles Shipside, Rightmove director and housing market analyst, commented: “Home buyers are seeing average asking prices at their highest ever level with upwards price pressure getting stronger the further away you move from London. However, higher prices stretch buyers’ willingness to pay or ability to afford them. This month’s increase of 0.4% is the lowest at this time of year since 2008, though the subdued figure could partly be a rebalancing from the seasonally large 1.5% rise the previous month. The earlier Easter Bank Holidays and heavy snow disrupting property marketing will also have an effect on like-for-like comparisons with last year.”