Asking prices rise to another record high – but the pace of growth slows further

“A lack of homes for sale rather than a lack of desire from buyers is what is dictating the pace of the market,” says Rightmove, as the UK’s average asking price rises 2.1% in a month.

Surging house price inflation has pushed 4.3 million homes into a higher stamp duty bracket since the start of the pandemic, estimates Zoopla.

The average London rent bill has risen 15.7% in the last year, reports Zoopla.