properties: The average asking price for properties typically bought by first-time buyers was down by 1.4% over the month to £182,926, when inner London was excluded, but there were rises in the price tags of larger homes, according to The Guardian. Related:Why younger people can’t buy a house: money became too cheap Dominic Frisby The asking price for three- and four-bedroom properties newly listed in April was up by 0.6% on the previous month, at £257,871, while at the top of the ladder homes with at least five bedrooms and four-bed detached properties, were being marketed for 1.9% more than in March, at an average of £546,232. According to the property website Rightmove, the change to stamp duty on 1 April helped ignite an onward chain reaction , with landlords snapping up homes at the bottom of the ladder and former owners movingon. Rightmove figures, which are based on homes listed on the site during the past four weeks, show that sellers in all parts of England and Wales are asking more for their homes than those marketing their properties in April 2015. In the capital, the average new asking price has risen by £51,615 over the past year, to £646,200. The largest annual increase was recorded in the east of England, where the average asking price is up by 10.8% at £331,780, closely followed by the south-east and then London.
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