U.K. Home Sellers Sought Record Prices in April, Rightmove Says - Bloomberg
Asking prices for U.K. homes rose to a record in April, as a shortage of property boosted values in London, Rightmove Plc said.
Average asking prices in England and Wales gained 2.9 percent in April to 243,737 pounds ($386,400), the operator of Britain’s biggest property website said in a report today. Prices in the capital increased 2.1 percent from the previous month to a record 464,944 pounds.
“This is not a universal signal of a housing-market recovery,” Miles Shipside, commercial director of Rightmove, said in a statement. “Fresh property stock is a bit scarcer this April compared to last, and this is a key factor in providing a price floor for spring prices to springboard from.”
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