Asking prices in UK still going upwards, latest index shows

The average asking price England and Wales has increased by 8.2% year on year while the total stock of property had dropped to a new record low, according to the latest residential index. Month on month prices increased by 0.3%, the highest such rise observed for January since the onset of the financial crisis and is at odds with the normal seasonal trend, the data from Home.co.uk shows. The index report says that growth in the property market is due to a lack of supply and low mortgage rates an...