The average price tag on a home has hit a new high for every part of Britain and property type for the first time since 2007, data shows.
Across Britain, the average asking price jumped by 1.8 per cent or £5,983 this month to reach £344,445, property website Rightmove's analysis revealed.
On a first-time buyer home, it hit £210,672, while for a property typically bought by someone taking their second step on the ladder, prices reached £315,486.
For a larger family-sized home at the top of the market, the average was £630,819.
Tim Bannister, from Rightmove, said: 'Competition for property for for sale remains hot this Autumn, with average prices jumping by almost £6,000 in the month. Although more properties are coming on the market, the level is still not enough to replenish the stock that's being snapped up. Consequently, new price records have been set across the board. This "full house" is an extremely rare event, happening for the first time since March 2007.'
Mr Bannister said stock shortages were seen after the first coronavirus lockdown last year and look set to continue.
The number of sales being agreed was up by 15.2 per cent in September compared to the same period in 2019, figures showed.
Cory Askew, of Chestertons estate agents, said: 'Despite the stamp duty threshold (in England and Northern Ireland) having returned to it's normal level on 1st October, the demand from house hunters hasn't slowed down. London is seeing a return of office workers and steady influx of international buyers. Sellers have taken note of this and with a higher demand for properties, don't feel the need to lower their price.'
Daily Mail
