- UK house prices hit a new record high in April, with the average asking price reaching £377,182, according to Rightmove.
- This represents a 1.4% increase from March, exceeding the typical seasonal rise and surpassing the previous record of £375,131 set in May 2024.
- The surge comes despite recent changes to stamp duty regulations, which became less generous for some buyers in England and Northern Ireland.
- Lower mortgage rates offered by some lenders may offset the impact of the stamp duty changes.
- Rightmove reports increased buyer and seller activity, indicating a resilient market despite high supply levels. However, they advise sellers to price properties carefully in the competitive market.
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