Prices reach record high

21st March 2014

The average asking price across England and Wales rose by 1.6% month–on-month to £255,962 last month, surpassing a peak set last July by £2,304, according to Rightmove.

A new record was also set in London, where average asking prices have reached £552,530, £8,298 above the capital's previous high of last October. Across England and Wales, sellers’ asking prices are now 6.8%, or £16,251, higher than a year ago. In London they have seen annual growth of 11.3%.

Source:   The Daily Telegraph (Source: 17/03/2014)