UK asking prices reach new high of £307,033

Average UK asking prices increased by 1.3% or £3,843 in April compared to the previous month and are up 7.3% year on year, according to the latest index figures. This takes the price of an average home to a record high of £307,033 with market activity having been pushed up due to a rush by buy to let investors to beat the April stamp duty change, says the index report from Rightmove. Indeed, the stamp duty deadline gave an early impetus to the bottom of the market and this had the knock-on eff...