House asking prices reach a record

House asking prices have risen to a new record high, but they remain well below their 2007 peak once inflation is taken into account, a study says.

The price of a home coming to market rose by 1% month-on-month in June to reach £246,235 on average, but London is the only region where prices have outpaced inflation over the last five years, the Rightmove house price index found.