In London, however, prices are now more or less steady, rising just 0.2 per cent this month.
Rightmove said that the disparity was because there is a greater imbalance between demand and supply in the north than in London, with people more likely to move locally and some more able to afford to upsize.
The average property in the capital is still 2.9 times the cost of that outside of London, but this is the smallest ratio recorded by Rightmove since 2013.
Tim Bannister, Rightmove’s director of property data comments: “Last year’s unexpected mini-boom is rolling on into 2021, with new price and market activity records again defying many predictions.
London house price premium at lowest level for eight years
Average national asking price is a record £333,564
17 May 2021 • 6:00am
The house price gap between London and the rest of Britain has narrowed after suburban asking prices have soared.
Famed for its pricey postcodes, London has a well-earned reputation for having the most expensive properties. But this lead has narrowed as the national average asking price has hit a record £333,564 this month, according to property website Rightmove.
The figure is £5,767 more than the previous all-time high, recorded in April, as demand for properties has outstripped supply and bidding wars have become commonplace.
Sales of London s priciest properties spike 80pc as lockdown ends The supercars are back in Knightsbridge , estate agents say
Demand has spiked for prime London homes in areas such as Notting Hill
Credit: Alexander Spatari
Sales of the most expensive homes in central London have soared as the economy reopens and the exodus from the capital reverses.
Deals in Kensington & Chelsea jumped 80pc in the two weeks since restrictions started to ease on April 12, compared with the previous 28 days, according to property website Zoopla. This was the largest jump in sales of any local authority in Britain.
Four other London boroughs were also in the top 20. Lambeth, Sutton, Barking and Dagenham and Hammersmith and Fulham recorded respective rises of 49pc, 48pc, 40pc and 39pc.
London flats prices collapse 16pc as demand shifts to suburbs
Only 60pc of central London sales were flats in final months of 2020, the lowest share since 2007
Buyer demand has dropped dramatically in central areas such as Knightsbridge
Credit: Geoff Pugh
From surveying the many house price indices, it may seem that there is a property market boom across the country. But the effects of the pandemic have hit London’s market hard, in particular demand for flats.
A new desire for more space after lockdown, combined with panicking landlords selling up and travel restrictions shutting out international buyers, has created a toxic cocktail for those trying to find a buyer for their flat. As a result, they have had to slash their prices as demand has crumbled and their properties languished on the market amid soaring supply.
Southern Songs & Stories: Dom Flemons - Finding New Ways Forward By Reviving Music s Past
For those who adhere to the old adage that “If you re the smartest person in the room, you re in the wrong room,” you would likely feel comfortable being in the company of Dom Flemons. Now living in Chicago, he has called many places home, from his native Arizona to North Carolina to Washington, D.C., and has covered even more musical territory, mastering the banjo, fife, guitar, harmonica, percussion, quills, and bones in many styles along the way. He won widespread acclaim as a founding member of The Carolina Chocolate Drops, and after leaving the group in 2013, has not missed a beat, playing at Carnegie Hall, the Grand Ole Opry, the opening ceremonies for the National Museum of African American History and Culture, the National Cowboy Poetry Gathering, and has represented the United States at the 2017 Rainforest World Music Festival in Kuching, Malaysia. These accomplishments only scra