Housing Market Update: Average Asking Prices Reach Record High This Spring
The UK property market has made a confident start to spring, with the average asking price of a home reaching a new record high. This comes despite the end of the temporary stamp duty relief at the beginning of April, demonstrating that both buyers and sellers remain active and engaged.
According to the latest figures from the April House Price Index, the average asking price for a UK property now stands at £377,182. This represents a monthly increase of 1.4 per cent and an annual rise of 1.3 per cent. Buyer demand has grown by 5 per cent compared to this time last year, while the number of new sellers entering the market has increased by 4 per cent year-on-year. Stock levels are now the highest for this time of year in over a decade.

