Asking prices for UK homes rise by most in 10 months, survey shows

Property website Rightmove said asking prices for residential properties rose by 1.5% in the four weeks to March 9, the strongest four-week increase in 10 months, although they remained nearly 5,000 pounds ($6,400) below their May 2023 peak.

Rightmove’s measure of buyer demand in the period between Feb. 11 and March 9 was up by 8% compared with a year earlier, and sales were up by an annual 13%.

Demand in London was stronger than anywhere else as people increasingly worked from their offices rather than at home and home-buyers were boosted by stronger wage growth and lower inflation, Rightmove said.