Private landlords looking to add to their property portfolios may notice that asking prices for homes have increased in recent times.

The latest research from industry website Rightmove suggests that vendors are setting prices 1.8 per cent higher this month than they were in March.

Prices have now increased for three consecutive months, according to the property company.

This follows Nationwide Building Society's recently-published findings, which suggested that UK house prices had increased month-on-month in March.

Miles Shipside, commercial director of Rightmove, said that mortgage finance needs to be made more readily available for true optimism to return to the sector.

He explained: "My view is that many sellers are still starting too high, but the fact that they are coming to market in greater numbers and feel they can ask more shows a strengthening in resolve and confidence, which is an encouraging sign."

Written by Mark Garner

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