LONDON (Reuters) – Asking prices for British homes between mid May and early June
rose by 0.8% compared with a month before, the biggest rise for the time of year since 2015, as available housing remains in short supply, property website Rightmove said on Monday.
The increase is less than the 1.8% recorded a month earlier but still takes asking prices 7.5% above their level in early March 2020, before Britain went into its first COVID lockdown.
“Buyer demand remains very strong, though with an all-time low in the number of properties available for sale … and new stock at higher-than-ever average prices, there are early signs of a slowing in the frenetic pace,” Tim Bannister, Rightmove’s director of property data, said.
Rightmove, which says it advertises 95% of homes for sale in Britain,…