Rightmove has released positive data on the UK housing market, pointing to prices rising at the fastest pace for 10 months.
Rightmove said the average asking price is up 1.5%, equivalent to £5,279 this month, to £368,118.
“Today’s data shows that the property sector is showing signs of recovery and the outlook has considerably improved,” said Daniel Austin, CEO and co-founder at ASK Partners.
Righmove’s data is consistent with measured improvements in the UK housing market announced by Halifax and Nationwide.
The impact of lower mortgage rates and an easing of the cost-of-living crisis is bringing more buyers back to the market.
“Now that balance is being better struck and with interest rates remaining stable, we are seeing signs of normality and strong overall indicators now is an attractive time to buy or sell property,” said Nathan Emerson, CEO of Propertymark.
“Our member agents have reported an 80 per cent increase in the number of new properties available and a 129 per cent increase in the number of market appraisals undertaken, showing there is growing appetite amongst buyers and sellers alike.”