Asking prices for homes in Wales are on the up
ASKING prices for homes in Wales have risen by 1.5 per cent in the last month, new figures have revealed.
But the year on year change is flat at zero per cent, according to property website Rightmove.
Nationally, asking prices recorded for the month of March were the highest ever.
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The average price of properties coming on to the market was £239,710 – up by 1.7 per cent on February.
The figure is £55 higher than March's previous record from 2008, which was set just before the global financial crash.
The improvement is thought to be linked to the Bank of England's decision to pump cash into the home loan system through the Funding for Lending Scheme.
This has increased the number of mortgages available by around a third.
Across the country the biggest rise was in South-East England, where the average price was £309,439 – an increase of 4.2 per cent from February.
In contrast, the West Midlands was the only region in England and Wales to see a month-on-month fall.
The biggest annual rise was in Greater London which saw a 9 per cent increase. The lowest was East Anglia where asking prices were 3.8 per cent lower.