Shock as house prices are really high

20 April 2015

monopoly houses Asking prices for houses are at a record high according to Rightmove. This is because of a shortage of homes and a high demand for properties. Insert your own thoughts about estate agents having a lot to do with it, here.

Rightmove said new sellers' asking prices went up by 1.6%, which is £4,381 month-on month in April, which means on average, it has reached £286,133 on across England and Wales, beating the previous peak-figure from last June.

The property website said that a shortage of homes on the market have shunted prices upward. Add to that, a rising demand based on Rightmove humble-bragging about how traffic to their website rose by 20% to an all-time high in March.

Other surveys have shown similar results.

Rightmove director Miles Shipside said: "Hesitation to sell and the use of property as a long-term investment are factors in this month's new price record. As we approach the election, the highest-ever cost of housing sets an interesting challenge for political leaders."

"The high cost of housing is a big concern for many home-hunters, so the contents of the respective party manifestos and well thought-out sustainable solutions to the lack of affordable housing supply will be high on many voters' agendas too."

TOPICS:   Home   Mortgages

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