<ul><li>The average asking price for a UK home has reached a new record high of almost £380,000 in May, marking the second consecutive month of a new high.</li><li>The increase in asking price was £2,335 (0.6%) higher compared to April, with a growing trend observed for the fifth consecutive year in May.</li><li>The spring property market has been less lively than usual, influenced by lower new buyer demand after a busy first quarter, driven by the rush to beat the stamp duty deadline earlier in the year.</li><li>Despite the slowdown in new buyer demand, property sales agreed in April were 5% higher than the same time last year, with lenders gradually reducing interest rates and reviewing affordability criteria.</li></ul>

Average asking price for UK home hits new high of almost £380k

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