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Rightmove notes early signs of stability in UK house prices

After two months of falls, the average UK asking price rose by 0.9% in January, according to the latest data from Rightmove.

The average price of a property coming to the market for sale rose to GBP362,438 in January, up 0.9% from GBP359,137 in December. Rightmove said this was the biggest increase at this time of year since 2020.

Annually, the average asking price rose by 6.3% in January. In December, the annual rise was 5.6%.

Rightmove said that average asking prices are still GBP8,720 lower than their peak in October, however.

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