Slight easing in affordability pressures helped to underpin buyer demand in 2025, Nationwide says.
Slight easing in affordability pressures helped to underpin buyer demand in 2025, Nationwide says.
Rightmove is expecting a bigger 'Boxing Day bounce', with prices to rise 2% next year.
Transaction volumes are forecast to rise in 2027, before dipping back in 2028 as political uncertainty ahead of the 2029 election leads to a pause.
Regional data continues to show a clear North/South divide.
Prices were still up 0.3% month-on-month, despite Budget uncertainty.
House prices in London and the South recorded their first fall in 18 months, driven by Budget uncertainty.
The typical first-time buyer home now costs 5.9 times average earnings – the lowest ratio since 2015.
The income to house price ratio is forecast to fall to 8.2.
The figures suggest caution and price sensitivity in the housing market.
Sales agreed for £2 million+ homes, which are the subject of a potential mansion tax, are down 13% year-on-year.
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