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Asking prices at highest level since financial crisis

Average asking price for homes up 2.8% from January to February

According to property search website Rightmove house sellers are setting prices at their highest level since the early days of the financial crisis. Asking prices surged by 2.8 per cent between January and February to reach £235,741 on average. There were particularly large jumps of around five per cent recorded in the North West of England and Wales. Asking prices are 1.1 per cent higher than a year ago and are just £2,115 shy of a February record set in 2008, showing the market is making a ‘slow but steady recovery,’ the study said. The property portal said it recorded its busiest ever month adding further evidence to this conclusion.

Miles Shipside, director of Rightmove, said: ‘There has been a sprightly start to 2013, and while market activity remains patchy across locations and property type, some agents are reporting their busiest new year since the onset of the credit crunch.’

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