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| Number of £500,000 homes for sale up nearly 20% | Number of £500,000 homes for sale up nearly 20% |
| (about 14 hours later) | |
| The number of homes worth more than £500,000 coming on to the market has surged almost 20% in a year, according to new data. | The number of homes worth more than £500,000 coming on to the market has surged almost 20% in a year, according to new data. |
| Credit reference agency Experian said the uplift in more expensive houses being put up for sale was seen in most parts of the country and not just in the London area. | Credit reference agency Experian said the uplift in more expensive houses being put up for sale was seen in most parts of the country and not just in the London area. |
| Its figures show that 20,895 properties valued at more than half a million pounds came on to the market in the first three months of this year, compared with 17,525 in the same period in 2012 – an increase of 19.1%. | Its figures show that 20,895 properties valued at more than half a million pounds came on to the market in the first three months of this year, compared with 17,525 in the same period in 2012 – an increase of 19.1%. |
| Experian said the increase was led mainly by London and the West Midlands, with each seeing an increase of around 26% in the number of homes falling into this highest price band. By contrast, two regions – Wales and the north-east – saw fewer properties valued at £500,000-plus coming on to the market. | Experian said the increase was led mainly by London and the West Midlands, with each seeing an increase of around 26% in the number of homes falling into this highest price band. By contrast, two regions – Wales and the north-east – saw fewer properties valued at £500,000-plus coming on to the market. |
| The figures showed that the majority of homes for sale in the UK during the first quarter of this year were valued between £100,000 and £250,000, with 51% falling into this category. | The figures showed that the majority of homes for sale in the UK during the first quarter of this year were valued between £100,000 and £250,000, with 51% falling into this category. |
| Experian said its findings were sourced from a range of UK sales and letting agents. Its figures come days after property website Rightmove said the national average asking price for a home had exceeded £250,000 for the first time, with London setting a new record of £515,243. | Experian said its findings were sourced from a range of UK sales and letting agents. Its figures come days after property website Rightmove said the national average asking price for a home had exceeded £250,000 for the first time, with London setting a new record of £515,243. |
| Top mortgages | Top mortgages |
| Chelsea Building Society | Chelsea Building Society |
| Chelsea Building Society | |
| HSBC | HSBC |
| Provided by London & Country for the Guardian | Provided by London & Country for the Guardian |