Is the UK about to see a house price crash?

Asking prices for homes have hit a “new record high” this month, said The Guardian. In May, the average asking price across the country has risen to £379,517, according to Rightmove – a 0.6% increase from April.

But while spring is usually “busiest” for the housing market, things have been more “subdued” than usual in comparison to the first part of the year. This is thought to be down to the number of homes for sale, which has now hit its “highest level in a decade”.