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House asking prices on rise as supply dries up, reveals Rightmove

Rightmove has revealed that new house sellers' asking prices rose more than £5,000 in February due to a lack of choice of quality homes for house-hunters to trade up to. The average asking price for a property across England and Wales was £279,004 this month, marking a 2.1% rise on January. Rightmove said it had more than 100m visits to its website in January, a new record for the site. However, it added that as interest in the market heats up, some estate agents are reporting their lowest ever stocks of quality property for sale.

 

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