Figures from Nationwide Building Society show house price growth hit 11.2 percent in January, with this marking the strongest opening month to a year since 2005. The year on year pace of growth was faster than the 10.4% seen in December and the strongest since June. Prices rose by 0.8 percent month on month, marking the sixth consecutive increase as the typical value hit £255,556. The total number of property transactions was the highest since 2007, and around 25% higher than pre-pandemic levels recorded in 2019.

Whether you are buying or selling, you can always speak to our experts in the Residential Conveyancing Department.