Average Asking Price For UK Homes Hits Record £333,564

The average asking price of homes coming on to the UK property market hit a high of a third of a million pounds in May, according to figures from the listings website Rightmove. The average asking price has increased by 1.8%, or £5,767, over the past month to £333,564, the website said, with an “unexpected mini-boom” that started last year continuing well into 2021. The property market has been buoyed up by the stamp duty holiday, which was launched last summer and is being phased out in England and Northern Ireland in two stages starting at the end of June. At that point the current starting threshold of £500,000 will fall to £250,000, except for first-time buyers. Read more on the Guardian website.

Average asking price for UK homes hits record £333,564 | House prices | The Guardian