A regional look at asking prices since 2020 shows a wide variation in the average change. For example, the North West saw a rise of 28% in asking prices in March 2024 compared to March 2020, while London saw a disappointing 8% increase in the same period.
According to Rightmove’s Spring 2024 analysis, Wales has seen the most significant change in asking prices since 2020, with a 29% rise bringing the average to £256,499. The North West region came in second, making it the highest increase in England. An increase of 28% has brought the average asking price in March 2024 to £257,185, compared to £201,199 four years ago. This is an increase of over £50,000.
The average for Great Britain was a percentage rise of 18%, making the average asking price now £368,118.
To learn more about the UK property market, take a look at our latest buy-to-let guides, covering topics such as buy-to-let property in Bedford and available investment property in Wallasey.
