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New Record High

Sell My House Quickly in Ealing

Sell My House Quickly found another interesting article about properties in Ealing. London asking house prices rise across all boroughs to hit new record high.

New Record High

Rising demand amid the return to city life means seven boroughs are enjoying double-digit growth. And properties in the capital are selling the fastest they have in a year.

London house prices have risen across all boroughs this month to hit another record high, with the average asking price now standing at £677,110.

This is year-on-year rise of 6.6 per cent, according to Rightmove’s latest property market data. And also an increase of 1.9 per cent from last month.

The long-awaited end of Covid-19 restrictions, with the subsequent reopening of offices and cultural attractions, has been tempting buyers back to the capital after two years of dampened interest.

Outer boroughs celebrate double-digital growth

Borough data shows that Kensington and Chelsea is enjoying the biggest annual hike, with property prices rising 13.8 per cent to £1.74 million, meaning it is still the most expensive place to live in London.

Demand for the royal borough’s multi-million-pound homes has been fuelled by the return of wealthy international buyers to the prime London property market in recent months.

Hat-trick for UK house prices

Nationally, house prices have hit a new record high for the third consecutive month, with asking prices up 9.9 per cent from a year ago to £360,101.

The £19,082 price jump of the last three months is the largest three-month price increase that Rightmove has ever recorded.

The fast speed of sale across the UK – 33 days on average, compared to 67 in the more normal pre-pandemic market of 2019 – means that properties are achieving 98.9 per cent of their asking price, with 53 per cent of those that sell doing so at or over their final advertised cost – two further Rightmove records.

We found this article about London asking house prices rise across all boroughs to hit new record high on Ealing Standard. Kindly click the link to read the full story.

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