New Year Jump For Homes Is Biggest January Rise Since Covid Pandemic

House prices have enjoyed their biggest January jump since before the pandemic, rising 0.9 per cent.

Rightmove data showed that compared with December average asking prices increased by £3,301 to £362,438 after two months of prices falling. The online estate agent hailed an 'encouraging start to the year' for homeowners, although average asking prices are still £8,720 lower than their peak last October.

The data also revealed a surge in homeowners asking for valuations – typically the first step for sellers. Rightmove said January 5 was the third busiest day for valuation requests on record, with last week the busiest since August.

Source: https://www.dailymail.co.uk/news/article-11638873/New-Year-jump-house-prices-biggest-January-rise-Covid-pandemic-data-shows.html