Asking prices in the UK surge to a record high of £312,625 rising 3.5% over the year and now threatened by the spread of Coronavirus.

The number of prime London properties more than doubled in the last quarter with greater certainty following the general election.

Property prices in Greater London have surged ahead up 2.1% over the month after the election results brought stability to the market.

The average house price has increased 207% in the UK since the start of the century outstripped by first time buyer homes rising 264%.

Over the last decade house prices in the UK twenty cities have increased by 54% with London leading up 74% since 2009.

Properties sold in the UK worth more than one million pounds have increased five percent but sales fall in London with fewer buyers.

The majority in the general election gives home movers more certainty with the prospect of house prices rising 2.0%, says Righmove.

The difference between the asking and sold property price in London is more realistic reducing to 5% from over 20% four years ago.

The looming election deters sellers with property listings down 15% while lower house prices tempt buyers looking for bargains.

For homeowners the time it takes to sell your property of 12 weeks is at a three year high increasing from 8 weeks in 2016.

House prices coming to the market in London have reduced by more than £13,000 this month helping to move property more quickly.

Deposits for first time buyers to purchase their first home have increased by 52% over the past decade according to the Halifax.