Six out of ten regions across the UK set new record house price highs as the supply and demand imbalance continued to march north, Rightmove has revealed.
The property website's June House Price Index showed the price of property coming to market reached all-time high, up 3.0% (+£8,460) to £294,351.
The firm said election certainty boosted buyer activity but added that the anticipated rise in new seller numbers had failed to materialise.
The site saw 115 million visits in May - its busiest ever May – equal to every adult in the UK visiting twice in the month.
It also revealed tighter supply with the number of properties coming to market down 8.5% on same period a year ago, though £2m plus properties bucked this trend with 86% month-on-month leap in new listings.
