Overview
- Average asking prices rose 2.8% in January, up £9,893 to £368,031, the largest January rise in Rightmove’s 25-year series and the biggest monthly gain since June 2015.
- Buyer enquiries climbed 57% in the two weeks after Christmas, and new listings increased 81% versus the previous two weeks, reflecting a strong Boxing Day bounce.
- Supply is abundant with the highest number of homes for sale at this time of year since 2014, and about one-third of existing listings have already had price reductions.
- Many lenders have cut mortgage rates in recent weeks, improving affordability, and Rightmove expects rates to be broadly steady over the next few months.
- Market conditions vary regionally, with the East Midlands and Scotland recording price falls, while a separate Hamptons index shows newly agreed rents fell 0.7% across 2025.