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House prices in January 2024 were 2.5% higher than the same month a year earlier
The average house price in January was £291,029, up +1.3% or, in cash terms, £3,924 compared to December 2023. “This is the fourth consecutive month that house prices have risen and, as a result, the pace of annual growth is now +2.5%, the highest rate since January last year. Average house price £291,029 Monthly change +1.3% Quarterly change +2.5% Annual change +2.5% “The recent reduction of mortgage rates from lenders as competition picks up, alongside fading inflationary pressures and a still-resilient labour market has contributed to increased confidence among buyers and sellers. This has resulted in a ... (full story)
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