LONDON – British property asking prices for properties put on sale rise again after PM Boris Johnson’s December election victory.
Average asking prices of property from January 12th to February 8th rose by a 0.8%, slower than the previous 2.3% monthly jump but enough to drive prices to an all-time high.
The data was compiled by Rightmove, a British property website.
Sales numbers agreed upon were up by an annual 12.3% for national sales and 26.4% in London city.
“It’s the first time for over a year that we have seen any sign of a return of seller confidence, albeit lagging behind the surge in numbers of early-bird buyers.”
– Miles Shipside, Rightmove director
Since the election in December 2019, there have been other signs indicating a quickening in the housing market.
Last week, house prices rose at the quickest pace of three years in January, according to the Royal Institution of Chartered Surveyors.
(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field.