+0.3 on previous index reading
At 117.2 in January 2018, the Housing Pulse was more or less flat on the month, though it was 5.8 higher than this time last year. House price inflation picked up during 2017 and further increases are expected this year as demand continues to outpace supply. The rental market is also under pressure, and with rents now well above their previous peak (in contrast to house prices), 71% think it is cheaper to buy than rent in their area. On the home improvements front, 29% indicated that they are likely to spend a large sum of money on doing up or renovating a property over the coming 12 months.