House prices dropped 1.1% in January – official data

New ONS data reiterates how the property market slowed at the end of 2022 - but December's average price decline was less dramatic than many expected.

Every region and market sector saw asking prices rise to a record high last month, reports Rightmove; it's the first "full house" since 2007.

Inflation-adjusted house prices in 35 UK areas are still below where they were in 2009, according to new research.