House prices flat but ‘only a matter of time’ before market acceleration April 16, 2025 House prices were unchanged in February, but market experts have said prices will rise later in the year as mortgage rates fall. The average UK house price remained at £268,000 in February, flat month on month but up 5.4 per cent year on year, according to the ONS. Growth was driven by higher prices in [...]
Property analysts forecast strong spring as stamp duty deadline looms January 10, 2025 Activity in the UK’s property market closely followed government policies on tax last year, something set to continue as the reality of the stamp duty deadline sinks in for first-time buyers. Real estate experts have predicted a burst of activity in early spring ahead of the end of stamp duty relief for first homes, which [...]
Nationwide offers boost to first-time buyers as mortgage rates cut September 24, 2024 Nationwide announced that it will allow first-time buyers to borrow up to six times their income for a mortgage, becoming the first major lender to offer this significant boost.
‘Buyer buzz’: Outlook raised for UK house prices after interest rates cut August 19, 2024 Property portal Rightmove has said there is a “degree of buyer buzz” in the housing market, caused by the moderation in mortgages in light of the Bank of England’s decision to cut the base interest rate. It raised its house price forecast for 2024 from negative one percent to one per cent, citing more interest [...]
House price growth accelerates ahead of potential interest rate cut August 1, 2024 UK house price growth has accelerated in the past month as buyer confidence picked up and mortgage rates fell ahead of a potential interest rate cut by the Bank of England. UK house prices rose by 0.3 per cent month on month in July, Nationwide reported in their monthly house price index. The annual growth [...]