House prices on the up

House prices in East Anglia have recorded the biggest month-on-month asking price jump according to the property website Rightmove.

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House prices on the rise

House prices jumped last month Credit: ITV News Anglia

House prices in East Anglia have recorded the biggest month-on-month asking price jump according to the property website Rightmove.

They say prices in the East jumped up by 4.4 per cent. It means the average house here is now selling for over £224,538.

Across England and Wales, London was the only region where asking prices took a dip in April, falling by 0.5%, although at £493,635 on average they are still 6.2% higher than a year ago

Rightmove, whose records go back for more than a decade, tipped next month for a new asking price high, as a combination of confidence returning to the market this spring and a shortage of properties for sale continue their upward pressure on prices.

Miles Shipside, director of Rightmove, said: "With London prices pausing for breath this month but likely to bounce back next, May looks like an odds-on bet to deliver a new asking price record. More estate agents are reporting more activity in more segments of the market."

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