Spring Market Brings Fresh Price Record Across the UK

The average asking price of property coming to market has risen by 1.4% this month — an increase of £5,312 — reaching a new national record of £377,182, according to the latest figures from Rightmove. This is the first new price high since May 2024, reflecting the traditional seasonal uplift in activity during the spring months.

This month’s increase exceeds the typical April rise of 1.2%, signalling continued confidence in the market, even as the number of properties available for sale remains at a ten-year high for this point in the year. Buyer demand was 5% higher than in April 2024, while the volume of new listings was also up by 4%.

In London, average asking prices have reached a fresh peak, with growth particularly concentrated in the inner boroughs. While demand in parts of the capital has been more subdued, and the city remains sensitive to wider geopolitical developments, the overall market continues to demonstrate a degree of underlying resilience.

Rightmove has noted the uncertainty surrounding recent US tariff announcements, which may yet influence the global economic landscape. Though it is too early to assess any direct impact on the UK housing market, one possible consequence is a faster-than-expected fall in mortgage rates, which would improve affordability for prospective buyers.

For sellers in Harrow, the outlook remains encouraging. Market fundamentals remain stable, and the seasonal uplift is providing a timely window of opportunity for those considering a move.

If you are looking to bring your property to market this spring or would like tailored advice based on the current market climate, our team in Harrow would be pleased to assist.