House prices hit record as buyers seek extra room - The Times

Demand for larger homes during the pandemic has driven asking prices for three and four-bedroom homes to a new high.

Buyers seeking extra space as coronavirus restrictions force people to spend more time at home have propelled the average asking price for “second stepper” homes to £291,618 this month, up 0.4 per cent from last month.

Rightmove, the property website, said that so far this month three and four-bedroom homes had outperformed the overall housing market on a rise in asking price. The national average asking price in September was £319,996 — up 0.2 per cent on the previous month but £269 lower than the record £320,265 reached in July.

The number of sales agreed for three and four-bedroom homes in August was 55 per

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2020-09-20 23:01:00Z
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