Annual rate of increase lowest since April 2013 at +2.3%, though overall demand remains strong:

• Rightmove traffic at record January levels, with visits up 3% on January 2016's buy-to-let boosted period

• Investor sectors understandably quieter than this time last year on number of properties coming to market and number of properties sold

• Slower rate of price increases makes it riskier for sellers to over-price their property:

• Analysis shows sellers are 40% more likely to sell if priced right when they first come to market

• Three quarters of agents surveyed by Rightmove report price-sensitive markets with buyers reluctant to enquire if property is priced just a few percent too high

• Price of property coming to market up 2.0% (+£5,986) this month, the smallest price rise at this time of year since February 2009