Asking prices climb to another record high as the property market sees its busiest ever H1
House prices are being inflated by "frenzied" buying activity and a continued shortage of properties being listed for sale. There's a 225,000 shortfall of homes for sale, estimates Rightmove; 140,000 more sales were agreed in the first half of this year, and 85,000 fewer new listings were marketed than the long-term (2014-2019) average.
Asking prices hit another record high, but ‘there are early signs of a slowing in the frenetic pace’ of the property market
Asking prices have increased in every region, reports Rightmove, with larger homes seeing the highest rate of property price inflation.
Property market set for busiest year since 2007, on track for over 1.5 million residential transactions
Zoopla expects the total value of homes sold in the UK to reach £461 billion this year; that's 46% more than in 2020, and 68% more than in 2019...
Average asking prices reach another record high
Three regions have seen asking prices climb by more than 10% in the last year-or-so, says Rightmove, while Greater London has seen prices flatline.
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