Prices hit record high as properties sell at fastest pace ever recorded
April 19, 2021
- National average price of property coming to market hits a new all-time high of £327,797, following a 2.1% (+£6,733) monthly jump
- Encouragingly, 145,000 properties were newly marketed this month, but not enough to meet buyer demand:
- Number of sales agreed up by 55% on same period two years ago, reducing the stock of properties that are available to buy to the lowest proportion ever recorded
- Buying frenzy for new stock, with both the average number of days to sell a property reaching its lowest ever level, and the number of houses selling within a week reaching its highest ever level
- Mass market of two- and three-bedroom semi-detached homes selling fastest
- March saw time spent on Rightmove surpass two billion minutes in one month for the first time
- Although some of the froth is likely to come off the market later in the year once some government economic measures end, we expect activity to remain robust for the rest of 2021
A monthly price surge of 2.1% (+£6,733) has propelled new seller asking prices to a new record high, with the national average now standing at £327,797. This figure shatters the previous record, set in October last year, by over £4,000. The big jump comes as buyer demand sets another new record, chasing the lowest ever proportion of property available to buy. This is now the fastest-selling market that Rightmove has measured since our records began.
You May Also Enjoy
Private rent and house prices, UK: August 2026
Main points Average UK monthly private rent increased by 3.7%, to £1,393, in the 12 months to July 2026 (provisional estimate); this annual growth rate is up from 3.3% in the 12 months to June 2026. Average rents increased to £1,451 (3.8%) in England, £843 (4.5%) in Wales, and £1,016 (1.7%) in Scotland, in the…
Read More 
Scrapping Stamp Duty could unlock 300,000 extra home moves a year
Economic growth in key regions, such as around Cambridge and the ‘tech corridor’ being held back by stagnant housing market. Rathbones argues that a more mobile housing market could help unlock part of the UK’s £5.5 trillion housing wealth. Reforming Britain’s property tax system could unlock more than 300,000 additional housing transactions each year…
Read More 
New-build property across Great Britain increased in price
The average house price for a new-build property across Great Britain increased to £501,658 in July 2026. The West Midlands recorded the largest average price increase, with the average new-build house price rising to £418,281 in July 2026. Yorkshire and Humberside recorded the smallest average increase, with the average house price rising to £347,846 in…
Read More 
Where London leavers are paying a premium for green space
New research from UK Property Development (UKPD shows that Essex, Kent and Hertfordshire command the highest green space premiums among London’s commuter counties, with homebuyers paying a premium of up to 15.3% to live within a stone’s throw of public green space. UKPD has compared the average asking price of properties for sale within…
Read More Breaking Property News 18/8/26
Daily bite-sized proptech and property news in partnership with Proptech-X. Removing inefficiency that comes from humans having to understand where every piece of information lives Thought Leadership by Fredérick Wakim, Founder of ImmoAdmin “For most of the software era, making a property management platform better meant adding something to it. Another dashboard. Another…
Read More 
England tightens planning rules to save local pubs
Turning pubs into housing or offices will be made harder as part of changes to government planning rules in England. Under the updated National Planning Policy Framework (NPPF), anyone seeking to change the use of a beloved local venue must now provide strict proof that the business cannot survive, including evidence that it has been…
Read More