House prices post the largest rise in 17 months: E.surv

Average UK house prices stood at £363,249 in February, rising 0.8%, or £3,000 from the previous month, posting the largest price rise in in 17 months.  

This monthly increase is the largest since September 2022, although prices are 2.9% lower than a year ago, according to data from e.surv Acadata House Price Index.  

But the annual decline in February still represents a near 1% gain over the 3.8% annual fall in January, the study points out.  

E.surv director Richard Sexton says: “The tight supply is playing a part in this bounce back, coupled with improved affordability as borrowing rates have fallen and average wages growth.