Price of property coming to market rises by 2.3% this month (+£7,785) to a record of £348,804, the biggest monthly jump in pounds recorded by Rightmove in more than twenty years:
Prices are now 9.5% higher than a year ago, the highest annual rate of growth since September 2014
There are signs that both buyers and sellers fear missing out in the current competitive market:
More potential buyers are sending enquiries to agents, with the number 16% higher than this time last year
New property listings are up 11% compared to the same period last year, suggesting more sellers are coming to market before looking for a property to purchase, to avoid missing out on their next home
The number of people requesting a home valuation from an estate agent was up 11% in January compared to last year
London records biggest annual jump in number of buyers sending enquiries of any region, and highest annual rate of price growth since 2016, as the end of pandemic restrictions and a return to the office fuel renewed demand in the capital
