The average house price for a property put on the market in January has risen by 1.3% or £4,571 compared to December, to £359,748, Rightmove has said.

 Despite what Rightmove referred to as “the strongest January monthly increase” in asking prices, average prices are still 0.7% lower than this time last year.

In December 2023, the average asking price was down by 1.9% month-on-month (-£6,966) and decreased by 1.1% year-on-year, meaning the average house price stood at £355,177.