London market stagnating as UK prices soar

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Latest Rightmove data shows asking prices rose just 0.2% in the capital in the last year

Asking prices for houses soared by 1.8% across the UK in the last month, but prices are continuing to stagnate in the capital, according to the latest figures from Rightmove.

The 1.8% rise, further evidence of a surging housing market since the March budget extended the current stamp duty holiday, comes on top of 2.1% rise in April, meaning Rightmove puts prices now almost 4% up in just the last two months alone.

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