House prices accelerate

24th January 2014

House prices in the UK increased for the first time in three months in January, marking the biggest ever increase for the month, according to a survey by Rightmove.

The estate agent's House Price Index found that average asking prices increased by 1% month-on-month to £243,861 in January. This follows a 1.9% fall in December and 2.4% decline in November. Year-on-year, prices increased 6.3% - the sharpest rise since November 2007. The firm also revealed that the number of properties for sale in the UK fell to the lowest level in seven years.

Source:   The Daily Telegraph