Rising buyer interest and low levels of supply pushed property asking prices in England and Wales up an annual 4.1 percent in January, according to property website Rightmove.
On a non-seasonally adjusted month-on-month basis, prices rose 0.4 percent, reversing part of December's 2.2 percent decline.
Search activity on Rightmove's website hit a record high in the first full week of the year with 157.4 million pages viewed, 26 percent higher on the same period a year ago.
Rightmove also warned that Government spending cutbacks and the potential of rising interest rates later in the year could hamper the upward momentum.
We have seen positive moves for Sterling against a basket of major currencies this morning on the back of this data release, sending Sterling Euro to a 3-month high and Sterling Dollar to it's highest level this year.
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