House prices continued to rise in April to hit a record high, despite fears the market would slow in the wake of the referendum.
Asking prices hit a new record high of more than £313,000 on average in April, with the average price of a property being put on the market across England and Wales increasing by £3,547.
The figures were recording by property website Rightmove, who attributed the increase to strong buyer demand. The number of sales agreed hit their highest figure since 2007, before the credit crunch, and that the market was likely to remain unaffected in the run-up to the June General Election.
There are signs of a strong spring market with the number of sales agreed achieved at this time of year being the highest since 2007. It remains to be seen what effect the run-up to the snap election will have, though any slowdown in activity will be counter-balanced by the market’s current fast pace” says Miles Shipside, Rightmove director and housing market analyst.