The average time it takes to secure a buyer in the UK housing market has increased by almost 20% in the past 12 months, according to new research.

The average over-50 homeowner could be underestimating the value of their homes by over £43k, according to new research.

House prices in the capital have climbed by 3.5% since last year and now stand at £545,439

eXp UK analysed current market listings across England, looking at the difference in value between the average home and homes boasting an annexe.

The average sold price in Q3 this year stood at £291,411, 21.4% below the average asking price of £370,672.

Annual house price growth soared from 2.4% in October to 3.7% in November, according to Natiowide's latest data.

Despite the widely predicted negative impact of last month's Autumn Statement, Zoopla forecasts that house prices and sales volume will grow further in 2025.

While just 5% of all homes listed for sale across Britain come in at £100k or less, this climbs to as high as 16% in some major cities.

However, for renters, price reigns supreme, with 71% stating that affordability is their top priority.

The latest official government data on UK house prices has shown average UK house prices remained largely stable during September despite heightened uncertainty ahead of the budget.