New asking prices rose 0.7% this month – equivalent to an extra £1,981 on the average price tag.

The jump, consistent with the average 0.6% February uplift in the last two years, brings new asking price inflation to 0.2%.

With annual wage growth of 3.4% outstripping rises in asking prices, Rightmove concludes that affordability has improved for buyers – and at the fastest rate for eight years.

In three southern areas, new asking prices are cheaper than a year ago, but in all the northerly regions, asking prices are up.

In six out of the seven northern and midlands regions, new asking prices are up over 2% on this time a year ago.

Rightmove also this morning reported on signs of buyer hesitancy, with the number of sales agreed last month down 4% year on year.

Excluding inner London, the average new asking price is now £300,715, up from January’s figure of £298,734.

Across greater London, average new asking prices are £614,182, up 3.4% on the month but down 2.1% measured year on year. That compares with the north-east, where the average new asking price is £151,303, a monthly change of 3.3% and up annually by 3.4%.

“Our model is based around flexibility and transparency”, explained James. “Our doors don’t close at 5pm like most estate agents. At James Black Homes we go further. We’re open from 8am – 8pm, 7 days a week, giving you greater flexibility.”