Rightmove reports £5,000 Price Jump

The average price tag on a UK home has jumped by more than £5,000 in the space of a month to hit a new record high, according to Rightmove.

The average asking price in April for a property coming on the market is GBP377,182, which is GBP5,312 or 1.4% higher than the average asking price of GBP371,870 in March.

Rightmove said that this is a bigger-than-usual increase for April, with a long-term average increase for the month at 1.2%.

The record high comes despite stamp duty discounts becoming less generous for some buyers from April 1 onwards. Stamp duty applies in England and Northern Ireland.

On the upside for home-buyers, some mortgage rates have been edging down in recent days, with Barclays cutting several rates below 4% on Friday last week.

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