UK Home Asking Prices Rise to Record High as Demand Rebounds

Average asking price across Britain hit record high at almost £380k as buyers gain edge

The average price tag on a home has hit a record high for the second month in a row, with sellers asking for nearly £380,000 on average in May. Across Britain, the average asking price for a home coming on the market jumped by £2,335 or 0.6 per cent month-on-month, according to Rightmove.This took the average asking price to a record £379,517 in May, following April's record high.Asking prices have now reached new record highs in the month of Ma…

Warning to sellers as house asking prices hit record high

‘Overpricing – unless your property is truly exceptional – is a fast track to stagnation’

UK Home Asking Prices Rise to Record High as Demand Rebounds

Asking prices for UK homes rose to a new record high in May and demand picked up in a sign of the property market’s resilience after the end of a tax cut for buyers.

This is the fifth year in a row that asking prices have hit record levels in May, when the UK property market is at its most active.

The Dax has never been as high as on Monday afternoon. A deal with the UK, among other things, provides a positive mood on the stock market floor.

UK house prices rise in May for fifth year running amid rush to beat stamp duty deadline

UK house prices rose for a fifth consecutive May, hitting a new record as sellers raced to list properties before the new lower stamp duty threshold took effect. According to the latest figures from Rightmove, average new asking prices increased by £2,335 in May — a 0.6% monthly rise, taking the national average to a record-high £379,517. However, it was the smallest May increase since 2016, reflecting a cooler market favouring buyers. Rightmove…