RE: TW figures confirm housing market outlook still uncertain and sales falling15 Jan 2024 17:35
The housing market has had a strong start to the year, according to property portal Rightmove.
Across Britain, the average price of a property coming on the market increased by 1.3% or GBP4,571 month-on-month, to GBP359,748, Rightmove said.
The number of potential buyers contacting estate agents about homes for sale in the first week of 2024 was 5% higher than in the same period last year, with the growth in activity strongest in London and the North East of England, Rightmove said.
Tim Bannister, Rightmove's director of property science, said: "After a stop-start market in 2023, the initial signs suggest a smoother year for movers in 2024.
"More new sellers are now entering the market, and with more confident pricing," he added.