Sunday 17 December 2017

UK house prices rise

THE property sector appears to have bounced back in parts of the UK as asking prices for London homes rose to close to a record this month.

The increase pushed national values up the most in almost a decade, the operator of Britain's biggest property website has revealed in a report. Rightmove said that average asking prices in London rose 2.5pc from January to £449,252 (€537,705), less than £1,000 below the record reached in October.

Prices in England and Wales rose 4.1pc on the month, the most since April 2002. "Confidence in bricks and mortar seems set to continue, with 'seller-power' twice as strong in London compared to the rest of the UK," said Miles Shipside, of Rightmove.

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