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Average price tag on a home falls by £12 in February after record January jump
After a record £10,000 increase in January, average UK home asking prices fell slightly by £12 in February amid high competition and steady buyer demand, Rightmove said.
- In February, Rightmove reported the average asking price in Britain was 368,019, down from 368,031 in January, a 12-pound month-on-month dip.
- Confidence rebounded after autumn budget uncertainty, prompting sellers who delayed listing to enter early 2026, which helped drive January's bumper rise while sellers held gains in February.
- Research from Savills indicates the UK housing stock value at £9.18 trillion, with the North and devolved nations contributing 60% of growth since 2022, despite only 27% of the total value.
- For buyers, conditions are improving, as mortgage rates trend down and lenders grow more competitive while average wages are up 17% and products help first-time buyers borrow more.
- For those ready to move soon, February could offer a useful window to act before the peak spring selling season, with newly listed properties 11% higher than two years ago and sales agreed 9% higher than this time in 2024.
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Morningstar.comUK house prices hold steady in February after bumper start to 2026
UK home prices held steady in February after a record-breaking start to the year, property sales platform Rightmove reported on Monday. The average price of newly listed homes was virtually flat in...
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Rother Radio - Rotherham & Sheffield's Best Variety of Hits!Average price tag on a home falls by £12 in February after record January jump
Early year price growth was front-loaded into January, Rightmove said.
·London, United Kingdom
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Total News Sources13
Leaning Left1Leaning Right0Center5Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
L 17%
C 83%
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