House prices see biggest New Year bounce in three years

Many home-movers have already been putting their 2023 moving plans into action, with average asking prices seeing the biggest New Year bounce in three years.  

Our monthly House Price Index has the most up-to-date monthly data on asking prices in England, Scotland and Wales, so we’re able to see what’s happening in the housing market right now. This month we’ve seen the average asking price of a home in Great Britain rise by 0.9%, to £362,438. 

The price growth follows an uncertain final few months in the housing market in 2022, and two months of price falls in November and December. But average prices are still 2% lower (£8,720) than they were at their record peak in October last year.  

Real Estate Credit Investments Limited (LON:RECI) is a closed-ended investment company which originates and invests in real estate debt secured by commercial or residential properties in Western Europe, focusing primarily on the United Kingdom, France and Germany.

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