The average price tag on a home jumped by around £4,500 in January compared to the previous month, according to a property website, as sellers hope to an improvement in the affordability of mortgage rates will support the market. Across Britain, the average price of a property coming on the market increased by 1.3pc, or £4,571 month-on-month, to £359,748, Rightmove said. It comes as lenders battle to offer buyers lower mortgage rates amid expectations that interest rates will be cut this year. Despite the increase in average asking prices over the last month, they are still 0.7pc lower than a year earlier. Rightmove said the volume…
