Buyer demand in the 50 priciest coastal locations rose by 8% over the past year.

The number of locations outside London with an average price of £1 million+ has risen from 30 to 66.

The average UK asking price in June fell by £1,277 to £378,240

Sales agreed in Wales rose by 15%, while London saw a 1% increase

April buyer demand dropped 4% year-on-year, but sales agreed were up 5%.

It still takes over five months on average to complete a home sale in the UK.

The increase comes despite a surge in new rental stock entering the market during March.

Demand for office space leases is 19% higher than in the same period a year ago.

Market activity remains resilient despite the recent stamp duty increase, with most buyers who missed the deadline still proceeding.

The latest research from Rightmove explores how the UK property market has changed five years on from the start of the pandemic.