London property sellers lift asking prices despite worry about slump

Positive signs: Rows of houses in front of the Canary Wharf skyline in London. Lower energy prices and high employment levels have helped ease worries that the economy will enter a recession, which would hamper activity in the property market. — Reuters

LONDON: The United Kingdom’s property owners are continuing to bump up asking prices despite fears of a slump in the housing market, a survey shows.

The average asking price of homes put up for sale climbed 0.8% to £365,357 (US$443,250 or RM1.9mil) in March compared with the previous month, according to data from property portal Rightmove.