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Birmingham Post
Birmingham Post
Business
Hannah Baker

UK house prices hit record high as buyer demand continues, says Rightmove

Average house prices have hit a new record high for the third month in a row, new data from Rightmove shows.

Month-on-month prices have risen by an average of 1.6% (+£5,537) to £360,101 across the UK. Despite growing economic challenges, all Britain’s nations and regions reached record price highs.

Wales saw the biggest year-on-year increase in house prices - up 14.5% to £252,736 on average - while the South West saw England’s largest rise at 13.5% to £379,956.

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