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  1. ITV Report

House asking prices hit new records as Wales bucks 'Brexit Blues'

Credit: Joe Giddens/PA Wire/PA Images

The average price tag on a home coming freshly onto the market jumped by over £2,800 in May - meaning house hunters in some areas now face record high amounts being demanded by sellers.

Across Britain, the average asking price is £308,290 - £2,841 or 0.9% higher than in April, according to the figures from Rightmove.

The website, whose records go back over a decade, said Wales, the Midlands and the North West of England are "bucking any Brexit blues" - with average asking prices in these areas having reached new all-time highs.

It says average asking prices in Wales have broken through the £200,000 barrier for the first time.

In Wales, the average asking price is £200,386.

Price increases are the norm at this time of year, with only one fall in the last 10 years, as new-to-the-market sellers' price aspirations are underpinned by the higher buyer demand that is a feature of the spring market.

Indeed the 0.9% monthly rise is consistent with the previous two years' average rise of 1.0% over the same period. Buyers looking in Wales are faced with newly-marketed property prices that are 4.1% higher than 12 months ago.

– Miles Shipside, Director, Rightmove