Visits to Rightmove were up 5% in the first two weeks of January, compared to a year ago, with an average of 4.5 million visits a day.

Despite the uncertainties surrounding Brexit, house hunters are still searching in vast numbers, according to the latest Rightmove data.

The price of property coming to market rose by 0.4% (+£1,207) this month, the lowest January rise since January 2012, taking the average UK house price to £298,734.

Monthly asking price trend

London prices drop below £600,000 for first time since 2015

The price of property coming to market in London has fallen by 1.5% (-£9,024) this month taking the average new seller asking prices to below £600,000 for the first time since August 2015.

London boroughs with monthly falls of more than 3%

  • Richmond upon Thames (-3.0%)
  • Ealing (-3.1%)
  • Sutton (-3.0%)
  • Kingston upon Thames (-3.4%)
  • Southwark (-5.2%)

Miles Shipside, Rightmove director and housing market analyst said:“Agents report that activity is now picking up, though when you dig underneath the national averages, the first snapshot of 2019 shows a somewhat patchy and variable picture depending on where you are in the country.

“Given the current market backdrop and ongoing political turmoil,it’s not surprising that the more challenging conditions in London and its nearby regions mean that they appear to have had a slower start to the year.

“Overall however, with Rightmove visits up by 5% on 2018 and at record levels for this time of year, it is encouraging that potential home-movers are still searching in vast numbers.”