Asking prices for UK homes hit record high, Rightmove says
LONDON - Prices of homes being put up for sale in Britain have hit record highs despite still expensive mortgage costs, but the pace of gains has slowed, according to data from property website Rightmove in the four weeks to mid-May, Rightmove said.Prices were only 0.6% higher when compared with the same period last year.
Tim Bannister, Rightmove's director of property science, said the momentum of the spring selling season was not a sign of a return to strong demand. Rightmove said asking prices rose by the most - up 1.3% in annual terms - in the high end of the market.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
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