Average British house price hits record high of £375,000
Pent-up demand from would-be buyers pausing their plans last year has led to price rise despite mortgage rates remaining elevatedThe average British house price reached a record high of £375,131 in May, according to Rightmove. The average prices of properties coming to market rose 0.8%, or £2,807, month on month.Pent-up demand from would-be buyers who paused their plans last year is a key driver behind increased home mover activity despite mortgage rates remaining elevated for longer than anticipated, the property website’s report said. Continue reading...
Pent-up demand from would-be buyers pausing their plans last year has led to price rise despite mortgage rates remaining elevated
The average British house price reached a record high of £375,131 in May, according to Rightmove. The average prices of properties coming to market rose 0.8%, or £2,807, month on month.
Pent-up demand from would-be buyers who paused their plans last year is a key driver behind increased home mover activity despite mortgage rates remaining elevated for longer than anticipated, the property website’s report said. Continue reading...
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