The average price tag on a home has jumped by nearly £3,000 in March, driven by asking price increases for bigger properties, according to a property website.
Across Britain, the typical price of a property coming on the market increased by £2,906 or 0.8 per cent, compared with a month earlier, Rightmove said. This was mainly due to a 1.2 per cent or £7,947 average jump in asking prices in the largest homes sector, it added, which includes four-bedroom detached homes and homes with five bedrooms or more generally.
Across all property types, the average price of property coming to the market was £365,357 in March. The 0.8 per cent price increase was below the average monthly rise of one per cent seen in March over the past 20 years, reflecting a higher degree of pricing caution by many new sellers, Rightmove said.
