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U.K. House Sellers Boost Asking Prices as Buyer Inquiries Surge

  • Tax holiday extension, lockdowns helping to spur demand
  • Number of buyer inquiries per property climbs to record
U.K. May Need Government to Step in as Housing Market Flatlines
Photographer: Chris J. Ratcliffe/Bloomberg

Asking prices for U.K. homes rose at the quickest pace in five months in March as inquiries from potential buyers hit a record.

The property website Rightmove said the gains were fueled by a tax break on purchases and by restless homeowners looking for more space after three lockdowns over the past year. The figures add to evidence that the housing market has shrugged off the U.K.’s worst economic slump in three centuries.