At £377,182, the average asking price for a home in Britain surpassed a previous record set in May 2024
US tariffs could cause further uncertainty for the UK housing market, the Royal Institution of Chartered Surveyors said.
Searches for first-time buyers aged 56 to 65 through Ignite surged by 80% in the first quarter of this year, compared with the final quarter of 2024.
The speed at which homes in coastal areas are finding buyers has slowed by 21 days on average, compared with 2021, Rightmove said.
Demand is ‘returning to normal and new applications slowing’ now that buyers beating a stamp duty deadline have completed purchases, Halifax said.