The traditional 'Easter bounce' has contributed towards the largest month-on-month house price jump in five years. According to property website Rightmove, average asking prices climbed 3.6% between March and April from £228,183 to £236,490. The annual rate of change also rose to 15% from 12.2% in March. A unique combination of factors have resulted in this unusually enthusiastic seasonal bounce, including the impending advent of Hips, which means agents are encouraging people to sell before June. Miles Shipside, commercial director for the website, said: 'While a boost is to be expected around Easter, this 3.6% rise, which amounts to £8,000 in a month, is the largest amount we have ever recorded. 'Every region saw major increases, with the minimum jump at £3,000. We have a unique set of market conditions however, and followers of housing fortunes should not regard this as the start of another national boom. As prices go higher, fewer buyers will be able to afford to get onto the housing ladder, although more affluent areas should remain the exception.' Mr Shipside also warned of a 'one-off feeding frenzy' for agents, as the market distorts over the coming months as agents and surveyors adjust to the implementation of Hips, and urged the Bank of England to take this into consideration when setting interest rates for the rest of the year. Meanwhile, many expect the Bank of England to put up interest rates at least once in the coming months.
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Chelsea Flower Show 2025: What else to do in SW3 if you're coming to the world's greatest flower showThere's more to Chelsea than just the Flower Show so we've rounded up some of the best places to eat, stay and shop.
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Uniquely unique? The Yorkshire grain silos transformed into a home that's a symphony in glass, steel and curvesAmid the beautiful countryside of North Yorkshire, on the edge of the Castle Howard Estate, The Silos is a property for which the word 'house' simply doesn't cut it. And that's not the only way in which it's made us throw out the dictionary.
