The UK housing market has escaped the cold temperatures of January and made a turnaround during the month of February. According to the latest housing figures from Rightmove, the average house price across the country increased 0.8% during the first month of the year and pushed the selling price to £300,001 entering the month of February. The average selling price for a property in January was £297,587. The average selling price is not the only thing which has seen change in the last thirty days.

Available properties for sale has been an issue for years across the country. Supply has been a constant problem and new construction of residences continues to place challenges in front of firms. According to data, the amount of supply for purchase has changed, at least for a month.

Estate agents across the country have seen increases in properties listed for sale after a period of two years full of deficits. This is a positive note which has come as a surprise to many housing specialists.

An increase of properties for sale has proven to make an impact through Rightmove listings online. Over the last month, houses up for sale have been selling at an extraordinary rate.

London continues to face challenges selling property. It is taking an average of 83 days for a flat in the capital city to sell. Compared to areas such as Livingstone in West Lothian, this is quite a long time. Houses there are selling in an average of 17 days.

Miles Shipside, Rightmove Director, commented on the latest housing data, saying: “Whilst it is the norm for new sellers’ asking prices to be buoyant at the start of a new year, this first complete month in 2018 is seeing more pricing optimism than the comparable period in 2017.

"The political and economic uncertainty is out of sellers’ control, but they are in control of their asking prices, and in general they are not being overly ambitious or setting too high an asking price.”