New data has revealed a quarterly increase in the number of auctioning lots achieving their reserve price or more.

The price of a typical UK home was estimated to stand at £268,000 in December - £12,000 higher than in December 2023.

New research has revealed that all London boroughs now have mortgage payments of over £1,000 for an average-priced one or two-bed home.

The housing market has kicked off 2025 with prices increasing by +0.7% in January following dip of -0.2% in December.

The move marks the third time interest rates have been cut since August 2023.

Buyer demand is up by 8% compared with the same period last year, according to Rightmove's latest data.

Tomorrow (Tuesday the 4th of February) the long-awaited Bill gets its second reading in the House of Lords.

Annual house price growth in January has seen a "modest slowing" compared with December.

Rightmove's latest data comes as many students have sent off their university applications this week, with affordable rents being one factor that many will be considering.

Buyer demand is up by 13% and there are 10% more homes for sale than a year ago.