UK housing boom leads to £2,500 jump in asking prices

Britain’s property market is in the grip of fresh boom, according to Rightmove, with asking prices jumping by more than £2,500 over the past month alone.

The average asking price for a home rose to £309,399 in February, £40 shy of its all-time record, said Rightmove. Buyers and sellers have been invigorated by renewed economic confidence, described as the “Boris bounce”, it added.

Rightmove, which is Britain’s biggest property portal, said it received a record 152m visits in January. Agreed sales surged by 12% compared with the same month last year.

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