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15.03.2021, 10:23

UK house prices increase on buyer demand - Rightmove

RTTNews reports that  property market website Rightmove said that UK house prices increased in March as buyer demand reached record levels.

House prices rose 0.8 percent month-on-month in March, following a 0.5 percent rise in February.

The number of potential buyers enquiring about each available property in the month was at a record, and was 34 percent higher than the same period a year ago.

The current demand was driven by the side effects of the lockdowns and the additional spur of government incentives. Rightmove anticipates further price rises during the traditional spring selling season.

Year-on-year, house price growth slowed to 2.7 percent in March from 3 percent in the previous month.

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