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Rightmove visits up 14% as the average asking price exceeds £300,000

Rightmove says the average asking price of a property coming to market in England and Wales has now passed £300,000 for the first time - almost exactly a decade after the average price passed the £200,000 mark.

The portal's latest price index has a series of markers suggesting the strength of the market. For example, the 1.3 per cent price jump in March is the second highest at this time of year since the start of the downturn in 2008, while record price highs are recorded in six out of 10 regions.

Meanwhile supply is up too. On average 30,000 properties have come to market each week over the past month, up by three per cent on this time last year, although there are still insufficient numbers of newly-listed properties in many parts of the country to meet demand. 

Visits to the Rightmove website are up by 14 per cent in early March compared to the same period in 2015, as Rightmove continues its portal domination.

The surge through the £300,000 mark is not driven by London, where prices are at a standstill. Price rises have occured, however, in all four out-of-London regions in the south of England, as well as in the West Midlands and the North West. 

  • Jonathan Rolande

    Supply can increase or prices but surely not both for long.


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