
It rose 1.7% or £5,992 in January to £366,189, Rightmove said. The number of new properties coming to market, the volume of buyers contacting estate agents and the number of sales agreed is also ahead of the start of last year.
Optimistic
But uncertainties remain, including the pace and number of interest rate drops and the impact of stamp duty changes from April, the website said.
It anticipates the typical first-time-buyer sector with smaller homes will be particularly affected.
From April 1, 2025, the "nil rate" stamp duty threshold for first-time buyers will reduce from £425,000 to £300,000. Stamp duty applies in England and Northern Ireland.
This story is from the January 20, 2025 edition of Daily Express.
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This story is from the January 20, 2025 edition of Daily Express.
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