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Average House Prices Push Past Record £300,000

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Asking prices surged to a new record – £303,190 – in England and Wales as the North and West drive growth instead of London. House prices have jumped by more than £100,000 over the last 10 years: in 2006, the average was £200,980. Experts have blamed the rise in stamp duty, which kicks in from April, as fuelling a rush on house-buying.

Miles Shipside, from Rightmove, said: “On average, 30,000 properties have come to market each week over the past month, up by 3% on this time last year, but there are insufficient numbers of newly listed properties in many parts of the country to meet demand.”

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