News & insights - House prices

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Slow start to the year for property market but recovery expected

Property sales got off to a slow start in January, according to the latest survey from the Royal Institution of Chartered Surveyors (RICS), although activity is expected to pick up over next few months.

February 19, 2025

Yorkshire BS and Accord extend low deposit mortgage offering to flats

First-time buyers with a smaller deposit to put down can now purchase a flat using the £5k Deposit Mortgage from Yorkshire Building Society and Accord (Yorkshire’s Intermediary arm).

February 12, 2025

House prices jump to record high

House prices reached a new record high in January, according to the latest Halifax House Price Index, despite annual growth slowing to 3%, the slowest rate seen since July.

February 11, 2025

Modest improvement in affordability but challenges remain

Housing affordability in the UK has shown a “modest improvement” over the past year, according to Nationwide, although buyers continue to face challenges particularly in certain areas.

January 24, 2025

House prices finish 2024 just below all-time record high

UK house prices ended the year up 4.7% year on year in December, according to Nationwide’s latest House Price Index, with northern regions seeing stronger price growth than southern areas.

January 2, 2025

Bank of England leaves interest rates unchanged at 4.75%

After weeks of speculation that we might see one more interest rate reduction in December, the Bank of England’s Monetary Policy Committee has voted 6-3 in favour of leaving the base rate at 4.75%, with 3 members voting for a cut.

December 20, 2024

Inflation rises to 2.6% in November

Inflation jumped to its highest level in eight months in the year to November, according to latest data from the Office for National Statistics (ONS).

December 19, 2024

House prices jump in November

Positive employment figures and easing mortgage rates helped boosted house prices in November, according to two of Britain’s biggest lenders, despite affordability remaining a challenge for buyers.

December 10, 2024

Renters choosing ‘fixer-uppers’ to keep buying costs down

Nearly three-quarters (73%) of homebuyers who are currently renting would consider a ‘fixer-upper’ property if it meant being able to buy at a lower price.

November 18, 2024

House price growth slows in October

House prices climbed by 0.1% in October compared to 0.6% the preceding month, with budget uncertainty likely to have contributed to the slowdown.

November 7, 2024

Inflation dips to three-year low

Inflation dropped to 1.7% in the 12 months to September, the first time it has fallen below the Bank of England’s 2% target in more than three years, but what does this mean for your mortgage?

October 18, 2024

Should I downsize now my children have gone to university?

It’s no secret that sending your children off to university is an expensive endeavour, and if you’re rattling around in a house which now feels empty, you may be wondering if downsizing could give you some extra financial freedom.

October 16, 2024

Bank of Family forks out record £9.2 billion to help first-time buyers

The ‘Bank of Family’ is set to give a record £9.2 billion to help family members get onto the property ladder this year, with nearly half of buyers receiving financial support from parents and grandparents.

October 14, 2024

Property market brightens...but will the Budget cast a cloud?

Lower mortgage rates helped boost the housing market last month with a growing number of chartered surveyors reporting an increase in new buyer enquiries.

September 17, 2024

House prices jump to a two-year high

Property prices in August rose to their highest level since 2022, according to Halifax’s latest House Price Index, with the average price of a home in the UK now at £292,505.

September 13, 2024

House prices rise at fastest rate since 2022

House prices are up 2.4% compared to this time last year, according to Nationwide, the fastest rate of annual growth seen since December 2022.

September 4, 2024

Buyer demand grows following rate cut

August’s base rate reduction has boosted buyer demand, according to property website Rightmove , with buyer numbers up by nearly a fifth compared to the same period last year.

August 28, 2024

House prices see summer boost

House prices edged up in July following three relatively flat months, with prices increasing by 0.8% in July and 2.3% annually, the highest annual growth rate seen since January this year.

August 16, 2024

Longer mortgage terms on the rise

Growing numbers of borrowers are choosing longer mortgage terms so they can keep their monthly payments down and meet lenders’ affordability requirements.

June 19, 2024

House prices remain stable in May

House prices remained resilient in May, edging down a modest 0.1%, according to Halifax, with lower inflation combined with strong wage growth helping boost consumer confidence.

June 14, 2024

Challenges facing first-time buyers differ by region

First-time buyers trying to get onto the property ladder face different challenges depending on the region they’re buying in, new research shows.

May 31, 2024

Buyer demand eases in April while property listings rise

Demand from property buyers was flat in April due to rising mortgage rates, according to the latest UK Residential survey from the Royal Institution of Chartered Surveyors (RICS), although it is expected to pick up over the next 12 months.

May 17, 2024

Where are the most and least affordable areas for first-time buyers?

Ayrshire in Scotland is the most affordable area in the UK for first-time buyers, according to a new study from L&C, with the top 10 most expensive areas all in London.

April 30, 2024

House prices edge lower in March

House prices were down 1% in March compared to February, according to Halifax’s latest House Price Index, the first time they’ve fallen for six months.

April 9, 2024

House prices see first annual rise in a year

The average property price increased by 0.7% in February, the building society said, bringing the price of an average home in the UK to £260,420, up from £257,656 in January. House prices are still around 3% lower than the all-time highs seen in summer 2022 when they reached an average of £273,751.

March 6, 2024

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