The asking price of newly-marketed property prices neared a record high in June, driven by a number of regions defying a market slowdown amid political uncertainty, data from Rightmove suggested.
Four northern regions reported their highest-ever asking prices in June, in turn pushing asking prices up nationally 0.3 per cent to just £91 below June 2018’s record high of £309,439.
According to Rightmove, certain regions of the east midlands, the north and the west, Wales and Yorkshire & the Humber experienced record asking prices, while asking prices in London fell by an average 0.4 per cent this month.
Commenting on the data, Rightmove director Miles Shipside said: “More buoyant markets in the north and midlands are helping to nudge up prices due to the seemingly relentless strength of buyer demand.
“Buyers in four regions are seeing higher new seller asking prices on average than ever before.”
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In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
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