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.

A new study from Nationwide has revealed that while the appeal of rural living remains as high as ever for Brits, so do the property premiums for the most sought-after areas.

Pre and post-Budget 'jitters' are the likely cause of the 1.4% drop in average new seller asking prices this month, according to the latest figures released by Rightmove.

Confidence continues to build in north­ern regions while the green shoots of recovery are increasingly evident in the south, according to Home.

With the cost of living continuing to impact many Brits, Zoopla's latest research has highlighted the most affordable towns and cities across Britain to find a home.