Average house price breaks the £300,000 mark

The average house price now in England and Wales has now gone above the £300,000 mark for the first time, according to the property portal Rightmove today.

The rush to beat the property tax rise announced back in November  and coming into force at the beggining of April for those looking to rent out or own a secondary property, has caused increased demand and a subsequent rise in prices.

Despite government attempts to boost housebuilding, Rightmove said demand was continuing to outstrip supply with a lack of newly listed properties in many parts of the country.

According to property website Rightmove the typical price of a property coming to market rose to £303,190 in March with record prices recorded in London (£644,045), the South East (£399,680) and the East of England (£326,836).

 

 

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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