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UK records tumble: national nears £250k, London passes £500k

From rightmove.co.uk

New national average asking price record of £249,841, as new sellers raise prices by 2.1% (+£5,135) this month Fifth consecutive monthly rise leaves prices 9.1% (+£20,852) higher year-to-date, the strongest price start to a year since 2004 South-led price surge as London, South East and East Anglia hit all-time highs London passes the £500,000 milestone with jump to £509,870, leaving the typical property in the capital more than twice as expensive as the national average Cheap money and more positive mood starting to release pent-up demand as evidenced by: Rightmove: “We’ve seen record activity – 1.25 billion pages ... (full story)

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