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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

UK housing market records strongest January since 2005

Colourful terraced houses in Bristol
Many analysts expect the housing market to cool this year. Photograph: Steve Taylor ARPS/Alamy

Britain’s housing market has made its strongest start to a year since 2005, with annual house price growth rising to 11.2%, according to the UK’s biggest building society.

Nationwide said the average price of a home hit £255,556 in January, the sixth consecutive monthly increase. The annual growth rate accelerated 0.8 percentage points from 10.4% the previous month, reaching its highest level since June.

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