The average house price in the UK has reached a new all-time high as the price of properties coming onto the market continues to soar. The standard cost of a home across the country now sits at £360,101 after prices climbed for the third consecutive month with an increase of more than £19,000.
This is the largest growth ever seen in any three-month period since records began, according to Rightmove, who say that continuous buyer demand is enabling sellers to ask and achieve higher prices. With not enough properties available on the market, sellers are able to find a buyer 'quicker than ever' previously seen by Rightmove and twice as quickly compared to the market in 2019.
Despite the cost of living crisis we are currently facing and in comparison to the stamp duty holiday period we've previously seen, the housing 2022 market continues to set new milestones for price and activity levels.
