UK property market ‘on the up’ amid new year bounce in asking prices

Average price of a home coming up for sale rises almost 10,000, the largest monthly jump in a decade

The UK housing market is enjoying a new year bounce, with the average price of a home coming up for sale increasing by the largest monthly amount in a decade, data shows.

The property website Rightmove said almost 10,000 was added to the average asking price of a British home in the space of five weeks.