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Average asking price of new UK homes ‘hits record high’

Surge in sales down to stamp duty holiday and ‘race for space’ as Rightmove predicts 7% rise in prices for 2020

The average asking price of homes coming on to the market in Britain has hit a record high, according to figures from the property website Rightmove, and for the first time estate agents are listing more homes as sold than they have for sale.

The website’s monthly snapshot of new listings showed sellers are asking for an average price of £323,530, an increase of 1.1% since last month, and 5.5%, or £16,818 more than this time last year.

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