1 / 6 Read more GETTY The average value of a new home sold in Britain last year was £265,000, according to the latest figures.
The average price of a home in England was £216,500, according the figures published by property website Zoopla.
That’s up 3% from a year ago, but still £2,500 higher than a year before, according a survey by property agency CBRE.
It’s worth noting that Zooplas estimates that a first home bought in England last year would be worth around £200,000 at today’s prices.
It would be the first time since the survey began in 2003 that the UK has posted a record amount of property sales, as a new study from CBRE puts the figure at £1.6 trillion.
Property values have been steadily rising in recent years as home prices continue to fall, with the average UK home valued at £245,000 in March.
But there is a noticeable decline in the number of homes sold each month, with CBRE estimating that only a fifth of the UK’s properties are now on the market, down from almost 40% a decade ago.
According to Zooples research, only 3.6% of UK homes are currently being marketed as first-time buyers, with just 0.4% of those being offered for sale.
The figures suggest that many properties are being priced too high and not enough for the average buyer.
The research found that only 8.4 per cent of properties sold in England in March were for under £150,000.
That’s down from more than 12 per cent a decade earlier.
This is largely down to the housing market, which is expected to be hit by the financial crisis and is currently in its most severe period since the global financial crisis.
There are also fears that prices will be rising faster than the incomes of many of the country’s residents.
As more and more people become reliant on benefits, there is concern that many of them will be left with nothing left to save.
Many people are struggling to find enough money to pay the mortgage on their homes, and are struggling with debt levels which have seen them struggle to afford a home.
The survey also found that more people are finding themselves renting, with a record number of households renting for the first ever time.
The number of UK households renting jumped from 5.3 million in May to 5.7 million in April, according TOO, with many of these renters struggling to afford rent.
However, there are some signs that the number is starting to pick up again.
The ONS said in its latest data that the median price of rent in England increased by 7.5 per cent in the year to March, from £836 to £851 a month.
The figure is slightly lower than the national average, at £914 a month, although the figures for London, the capital, are slightly higher.
The numbers come as the UK government plans to introduce a cap on rent rises.
A new report from Property Investment Trust (PIT) predicts that if the cap is lifted, it could see a surge in home prices of as much as £5,000 a month by 2020.
The report, which looks at average house prices in England, also warned that if that cap is not lifted, prices could increase by up to £4,000 per month by 2021.
The rise in prices has led to concerns that the government’s housing strategy could be putting the squeeze on tenants.
But Property Investment trust chief executive Matt Smith said the government was still committed to the strategy.
“We remain firmly committed to building more affordable homes, which will keep growing the economy,” he said.
“The Government is already spending more than £1 trillion a year on housing, so the latest data from our report is a further reason why we continue to believe that building more homes is the right thing to do.”PIT, which tracks the rise in house prices across the country, also found a similar increase in property prices in London.
It says that average prices in the capital rose by 7 per cent, from $1,000 to $1.9 million.
However that was down from 8 per cent over the same period a decade before.
There were some notable gains in London, which has seen an increase of 10 per cent since last year.
The capital has been a hotbed for property sales in recent months.
A total of 2,872 new houses were sold in the London area last month, up from 1,936 a year earlier.
The median price for a house in the borough jumped to £2.9m, up 4.4 percent from £2m a year prior.
The borough is currently one of the most expensive places to buy property in the UK, with prices averaging more than twice the average income.
The region has also seen a number of other price rises, with average house values in London up by 10.6 per cent from £1m in March to £1,