House prices shoot up by 3.2 per cent

16/02/2010

Asking prices for houses have increased by 3.2 per cent in the four weeks to February 6, according to new research.

This marks the biggest rise for homes in England and Wales since April 2007, according to property website Rightmove.co.uk.

What it means for the average cost of a home, is a rise of 6.1 per cent compared to last year – making the average house price tag £229,398.

The jump has hit the capital the hardest, with asking prices in London climbing to a record high of £427,987.

The figures could mean an economic recovery as Rightmove says "a price jump of over 3 per cent is comparable to the pre-credit crunch boom-times."

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