Rightmove reports has price increase of 1.2% for January

New research from Rightmove shows that the housing market has got off to a solid start in 2010 and average prices have increased slightly.

The key points form their January House Price Index were as follows:

• 2009 ends with prices 4.1% higher than a year ago

• Early signs of buoyant start to 2010 as average asking prices rise by 0.4% and search activity
  sets new record high

• First week of January sees strong asking price rebound of +1.2% (£2,698) reversing previous
  weeks’ falls of 0.9%

• Lowest stock this century creates window of opportunity for sellers

• Rightmove forecasts 0% price change in 2010, with sellers advised to take advantage of
  expected price rises before post-election dip