Low rates are propping up house prices
HISTORICALLY low interest rates and a weak supply of new property listings are boosting asking prices for UK homes, according to a leading survey released today.
Asking prices on newly listed houses have almost hit a three-year high, according to the Rightmove house price index, jumping 1.7 per cent in April and 1.3 per cent so far this month.
The average listing price for new sellers is now £238,874 across the UK – only 1.5 per cent below an all-time peak in May 2008.
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