Though these unprecedented prices are on a national level, there are some parts of the country where demand has simply skyrocketed.
According to Rightmove, there are 10 key locations where annual price growth has risen by over 20 percent.
And one, in particular, has come out on top as the number one “hotspot” for the “biggest annual rise in asking prices” in the entire country.
Where are the 10 areas where sold prices have skyrocketed?
1 Brixham Devon
Average asking price in February 2022: £329,699
Annual price growth: 25 percent
2 Jesmond, Newcastle upon Tyne
Average asking price in February 2022: £361,564
Annual price growth: 23 percent
3 Farnham, Surrey
Average asking price in February 2022: £728,413
Annual price growth: 22 percent
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source: express.co.uk