Reported Increase to Average House Prices in UK – 15%

Average property values are rising, with the South East already seeing 15% growth this year.

According to the latest figures from Rightmove, the average price of UK property coming onto the market in June was 1.2% (+£2,957) higher than May, passing £250,000 for the first time ever.

London set a new record, with the average asking price of property in the capital rising to £515,243, but the South East recorded the strongest growth, increasing by 14.8% since January to hit £329,968.

Rightmove recorded strong growth in asking prices in all regions, with asking prices in the North, North West, Yorks & Humber, East Midlands, West Midlands, and Wales rose by 9.2% , almost keeping pace with the 10.6% seen in the south (Greater London, South East, South West and East Anglia) over the first half of the year.

It believes these results are a reliable indicator of growing confidence in the UK economy.

About harveybowes
Mortgage Broker and founding Director of Harvey Bowes Limited. A mortgage broking practice with bases in Cardiff & Poole, UK. We take a fresh and positive approach to mortgage broking which pays dividends for both our clients and frankly, ourselves. The team at Harvey Bowes are expert advisors in all aspects of mortgages from residential to commercial and buy to let.

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