Asking prices jump, according to Rightmove…

Row of houses

Asking prices for properties put up for sale in the UK rose by a record amount between December and January, according to property website Rightmove.

It said that new asking prices increased by 2.3% on average between 8 December and 11 January. This was the largest increase for that period seen since the website started reporting the figures.

What’s behind the increase? Rightmove director Miles Shipside said it was down to the December election result providing a “window of stability” for anyone thinking of moving.

He said: “The housing market dislikes uncertainty, and the unsettled political outlook over the last three and a half years since the EU referendum caused some potential home movers to hesitate. There now seems to be a release of this pent-up demand, which suggests we are in store for an active spring market.”