English home prices see sharp rise

Asking prices for houses in England and Wales saw their biggest rise in the month to mid-September for 13 years as cheap borrowing and a lack of available properties led to market “extremes”, property website Rightmove said yesterday.

The asking price for homes rose 0.9%, or £2,550 (€3,503) — the biggest increase for the September period since 2002 — to a new record high of £294,834 pounds, according to a survey by Rightmove.

Prices had fallen by 0.8% in the month to mid-August.