Asking prices for UK homes hit record high as spring selling season hots up – business live

Asking prices for UK homes hit record high as spring selling season hots up – business live

Rolling coverage of the latest economic and financial news

These charts highlight how average asking prices have picked up this spring, after a lull at the end of 2023:

Remarkably, Rightmove also reckon that people hoping to sell their home and move before Christmas (!) should start taking action now.

It may seem surreal to be thinking about Christmas in May, but we know that many would-be sellers picture celebrating the festivities in a new home, and to achieve that, now is the time to be coming to market.

One strategy that is still giving some sellers the edge in this price-sensitive market, is working closely with an estate agent to price attractively right at the start of marketing, to give themselves the best chance of finding a buyer quickly.

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