
New data from Nationwide shows that UK house prices have risen by 3.9% over the past year, with the average home now costing ยฃ270,493.
๐ก What’s Happening?
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The housing market remains strong despite affordability challenges.
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First-time buyers are making a comeback, with mortgage completions nearly back to pre-pandemic levels.
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Buy-to-let purchases are increasing, but still lower than in previous years.
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Upcoming stamp duty changes in April could impact the market in the short term.
๐ฎ Looking Ahead
Experts expect steady price growth in 2025, with more buyers entering the market as mortgage rates improve.
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