UK housing market heats up


A residential apartment building in the Midtown neighborhood of New York.Photographer: Yuki Iwamura/Bloomberg

LONDON: The price of UK homes coming to market jumped by the most in eight months in January after a post-Christmas stampede by potential buyers, says Rightmove.

The online property portal said the asking prices sought by sellers rose 1.3% to an average of £359,748 (US$458,77). It also recorded nine of its 10 busiest days for buyers securing an agreement in principle for a mortgage.

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