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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

Asking prices for UK homes show record rise, as demand exceeds supply

Row of terraced houses
The average asking price for a home in the UK stands at £348,804 according to Rightmove. Photograph: Amer Ghazzal/Rex/Shutterstock

Asking prices for homes coming on to the market in Britain rose by a record 2.3% in February, according to the property website Rightmove.

The listing site said it was the biggest monthly increase in the 20 years it has kept records and meant the average advertised cost of a home was up by £7,785, to £348,804. Over the past 12 months, asking prices have gone up by 9.5%.

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