UK property asking prices rose at the highest annual pace in 12 months, driven by larger homes.

UK's property asking prices rose at the highest annual pace in 12 months, driven by more top-of-the-ladder houses coming onto the market, according to Rightmove. The average asking price of homes put up for sale increased 1.7% from a year ago to £372,324, with prices now just £570 short of the record levels registered in May 2023. Much of the increase is coming from larger homes, including four-bedroom detached houses and all five-bed properties.