Property prices rise 0.3 per cent

A drop in the number of new homes coming onto the market helped property asking prices rise in January for the first time in three months, according to property website Rightmove. However January's 0.3 per cent rise was tiny in comparison with the declines seen in the final two months of last year. Asking prices fell 3.0 per cent in December and 3.2 per cent in November. Year-on-year prices are up 0.4 per cent, unchanged from December. The number of properties coming to market is the lowest in two years.