House prices rise at fastest monthly rate for more than 20 years

By Carl Brown2022-02-21T09:38:00

No sign of slowdown yet as average house price rise by nearly £8,000 in a month, driven by ‘second-steppers’, says Rightmove

The average asking house price increased by nearly £8,000 month-on-month in February, the highest increase for at least 20 years, according to Rightmove’s house price index

New seller asking prices reached £348,804 in February, an increase of 2.3% on the figure for January. The monthly increase of £7,785 is in cash terms higher than any recorded by Rightmove since it launched its index 20 years ago.

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