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Property prices ‘up by 1.7%’

June 18, 2018 11:15 AM
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Property prices ‘up by 1.7%’

HOUSE prices have jumped to a record high for the third month in a row, a survey found.

The average price tag on a home rose by 0.4 per cent or £1,364 to reach £309,439 in June.

Homes site Rightmove said the rise was due to a 4.3 per cent fall in housing stock compared to last year in northern England, the Midlands, Wales and Scotland where houses are more affordable.

By contrast, in the South, including London, the South-east, East of England and South-west, there are more homes on the market – up by an average of 17.5 per cent compared to 2017.

Rightmove said asking prices for homes were on average 1.7 per cent higher than a year ago.

Director Miles Shipside said: "The national average new seller asking price continues to creep upwards, setting a new record for the third consecutive month.


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