UK house price growth at 14-month high, says Nationwide

In the United Kingdom, housing prices hit a fourteen-month high in January after confidence was restored from the general election. Housing prices are 1.9% higher than a year ago on average. Experts believe the lower prices in the past were due to public uncertainty, and the increase is due to a combination of lower borrowing costs and a stable market. Economists predict that this upward trend will increase throughout the coming year, which may give more opportunity for young people to enter the housing market.

Key Takeaways:

  • Nationwide Building Society, one of the UK’s largest mortgage lenders, said property values were 1.9% higher than a year earlier
  • Labor market conditions and decreased borrowing costs were believed to be key factors in the price growth.
  • The number of mortgages approved by Britain’s high street banks jumped to the highest level for almost five years in December.

“Annual house price growth across the UK jumped to a 14-month high in January as confidence returned to the housing market following the general election.”

Read more:

Join the discussion

Your email address will not be published. Required fields are marked *

Gavin Brazg

Gavin Brazg

MSc Dip Arch

Founder & CEO

How hot is your market?

The hotter your market the easier your sale

Check your market

Need a quick sale?

Discover the best way to sell your home quickly in 2019

Sell fast

Send this to a friend