UK house asking prices post record seasonal jump, Rightmove says

According to recent data from Rightmove, UK house asking prices have recorded their strongest seasonal increase in January. Average prices rose by 2.8% month-on-month in the four weeks leading to January 10, marking the largest increase since 2015. This rebound indicates greater seller confidence following months of budget-related uncertainty. Housing supply has also reached its highest level for this time of year since 2014. However, challenges remain with high borrowing costs and affordability pressures limiting any expected price growth. Rightmove cautions that while sellers are returning to the market, the overall momentum for price increases is likely to remain modest.