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UK: House prices soar by 'record-breaking' £55,000 since the pandemic began
House prices have soared by a 'record-breaking' £55,000 since the pandemic began and are still rising, Rightmove says. The average price tag on a home has reached a record high for the fourth month in a row, jumping by £7,400 in May, according to the website. And across Britain the average asking price for a property this month is £367,501, up from £360,101 in April. Frenzied market activity has led to cash house price increases over the past two years at levels Rightmove said it had never seen before in more than 20 years of tracking property values. Average asking prices have soared by £55,551 in the past two ... (full story)