UK house prices: Asking prices see huge monthly jump – but fresh warning issued

The property market is showing signs of a post-pandemic recovery as asking prices bounce back. The online property listing company Rightmove suggested there had been an increase in confidence among both buyers and sellers. Rightmove highlighted how average asking prices for newly-listed homes surged by 1.8 per cent in May. The increase brings the average figure to £372,894. However, Rightmove stressed buyers also seemed more optimistic about the situation. Buyer demand grew by three per cent compared to the same period in 2019. The change comes as the mortgage market stabilises following a rap…

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