Potential sellers ask for 44% more valuations than last year

The housing market recorded its busiest-ever first week of the year for valuations in 2022, while average asking prices saw their fastest growth since May 2016, figures show. Data from Rightmove showed January kicked off with a 44% jump in valuation requests compared to the same time last year. The first working day, 4 January, saw the fifth-highest number of valuation requests in a single day that Rightmove has ever recorded. Its data also showed a 15% increase from last year in the number of buyers inquiring about homes. The average asking price is now £341,000, up 0.3% compared to December, and 7.6% higher than a year ago. Three regions had seen price growth of more than 10% in the past year - the South West (11.6%), East Midlands (10.4%) and South East (10.2%). However, many regions saw asking prices drop slightly between December and January. Larger falls were recorded in Scotland (2.1%) and Yorkshire and the Humber (2.2%).

Daily Mail