In 2021 the UK witnessed a property market boom as a result of the pandemic and the stamp duty holiday.
With an increased number of people wanting to move homes but a lack of properties coming onto the market, competition among buyers was high - forcing house prices to surge.
Last year the average asking price of a UK property reached £340,167 in December, according to data from Rightmove.
And as we enter 2022, it seems as that the housing market has no sign of slowing any time soon as trends from 2021 look set to continue.
Rightmove's House Price Index has revealed that the average price of a home on the market in January is £341,019 - a 0.3% rise from December 2021.
This average asking price for this month is also 7.6% higher than this time last year - an annual rate of growth not seen by Rightmove since the 8.3% recorded back in May 2016.
The record jump is driven by homes in the 'top of the ladder' in other words 'forever homes' and first-time buyer properties - with the price of first homes hitting a new record average price of £214,176.