Fri 02 Mar 2018 View all news articles

UK house prices gain 0.8% in February - Rightmove

The average asking price for a house in the UK was up 0.8% on month in February, property tracking website Rightmove said on Monday - coming in at 300,001 pounds.

That follows the 0.7% increase in January.

On a yearly basis, house prices climbed 1.5%, accelerating from 1.1% in the previous month.

"This month's rise of 0.8% is well below the 1.6% monthly average at this time of year over the last 10 years, and it is wise for sellers to be cautious and not to over-price given stretched buyer affordability," said Miles Shipside, director of Rightmove.

Source: London South East

With house prices still on the rise now is a good time to sell. You can arrange a free valuation here.

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