New data from Nationwide shows that UK house prices have risen by 3.9% over the past year, with the average home now costing £270,493.
💡 What’s Happening?
✅ The housing market remains strong despite affordability challenges.
✅ First-time buyers are making a comeback, with mortgage completions nearly back to pre-pandemic levels.
✅ Buy-to-let purchases are increasing, but still lower than in previous years.
✅ Upcoming stamp duty changes in April could impact the market in the short term.
🔮 Looking Ahead
Experts expect steady price growth in 2025, with more buyers entering the market as mortgage rates improve.
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