UK Home Asking Prices Rise as Mortgage Relief Spurs Activity
- Rightmove says price of new listings now higher than year ago
- Findings are further evidence of market recovering momentum
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UK home sellers increased their asking prices for a second month amid further signs the property market is building momentum after its worst year since the financial crisis.
The average price of a property put up for sale rose 0.9% to £362,839 ($456,400) in February with gains across all UK regions including London, according to real estate portal Rightmove. It left prices 0.1% higher than a year earlier, the first positive annual reading since July 2023.