Asking price growth reaches record highs in Wales and parts of England
Asking prices in the UK increased by an average of 0.9% or £2,841 this month, buoyed by the spring market and consistent with the previous two year average of 1% for the time of year. The latest data from the Rightmove index also shows that four out of 11 regions covered recorded new asking price records in May, suggesting that in some locations Brexit is not having much impact on the market. Year on year asking prices increased by a more modest 0.1%, taking the average price of newly marketed homes to £308,290.