18 Mar

Asking prices on the rise

Asking prices on the rise

Asking prices rose during the past month in all regions apart from Scotland, according to new figures.

Prices in England and Wales increased by 1.4 per cent in February. The average property price now stands at £253,758 - £8,000 more than in March 2008.

The data from Home.co.uk showed that asking prices in London rose by 3.1 per cent - 18.9 per cent more than at the same point in 2013.

However, the news was less promising for estate agents in Scotland, where prices dropped by 0.3 per cent - making a 1.4 per cent decline over the last 12 months.

Aside from London, East Anglia and the South East showed strong increases in asking prices, while the market was less upbeat in Wales, the North East and Yorkshire.

Doug Shephard, director at Home.co.uk, said: "Home prices will continue to rise swiftly while demand outpaces supply. Falling marketing times throughout the English regions indicate that more regions are witnessing greater optimism and activity as demand rises."ADNFCR-1222-ID-801704111-ADNFCR

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