The average asking price for a home in Britain has risen by 1.1% in April, according to property firm Rightmove.<\/p>\n
This brings the approximate cost of a property to \u00a3372,324 (\u20ac432,619), only \u00a3570 (\u20ac662) less than the record set in May 2023. Compared with the same period last year, asking prices are up +1.7%, the highest annual growth rate seen in 12 months.<\/p>\n
That said, the monthly pace of price rises is cooling slightly, down from March’s reading of +1.5%. Excluding inner London houses, prices were up 2.7% month-to-month for four-bedroom, detached properties and larger dwellings. In terms of non-detached, four bedroom houses and all three bedroom properties, prices were up +0.9%. For smaller dwellings, the monthly growth rate was almost flat, at +0.3%.<\/p>\n
Many potential sellers are hoping that an interest rate cut from the Bank of England, now expected in the summer, will further boost demand for properties.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Property prices rise to a near-record level in April, although buyers seeking smaller homes still face affordability challenges. The average asking price for a home in Britain has risen by 1.1% in April, according to property firm Rightmove. This brings the approximate cost of a property to \u00a3372,324 (\u20ac432,619), only \u00a3570 (\u20ac662) less than the […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4398","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9PjAq-18W","_links":{"self":[{"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/posts\/4398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/comments?post=4398"}],"version-history":[{"count":1,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/posts\/4398\/revisions"}],"predecessor-version":[{"id":4399,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/posts\/4398\/revisions\/4399"}],"wp:attachment":[{"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/media?parent=4398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/categories?post=4398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/tags?post=4398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}