Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Tuesday, 25 April 2017

UK average asking price hits new high

Brexit shrug

Rightmove's UK asking price index rose by 1.1 per cent or £3,547 in April to a record high of £313,655. 

Over the year to April 2017, the average asking price of new homes brought to market was a moderate 2.2 per cent higher. 

Note how in London average asking prices for new homes brought to market appear to have stopped rising at £636,777 in April.

The London average is being pulled down by some sharp declines in the premium sector, with average asking prices down by 10.4 per cent year-on-year in Kensington & Chelsea to £2,011,069.

At the cheaper end of the spectrum, however, asking prices are recording solid gains in London. 

For the reasons why, see here