Rightmove: new year asking prices rise as record numbers of homes hit the market

Record numbers of homeowners are making a new year’s resolution to sell their properties, with Rightmove’s House Price Index for January showing a 1.7% monthly increase in average asking prices, the largest since 2020. Buyers are rushing to beat rising house prices before stamp duty thresholds decrease in April, prompting a surge in new sellers and increased buyer demand, although uncertainties about interest rates and tax changes loom ahead.

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