Regionally, the South East had the smallest percentage growth in average house prices.

The number of new properties coming to the market for sale was 26% higher than Boxing Day 2023.

Northern regions have seen higher price growth than southern regions.

Sophie Kettle (formerly Mitchell-Charman), commercial director at LendInvest, says the UK property market in 2024 was volatile, influenced by interest rate changes, political...

Average property prices are now 24.6% higher than at the onset of the pandemic.

House prices have counteracted the usual winter slowdown.

House price growth is likely to remain broadly in the 2-4% range in 2025, Nationwide predicts.

Neil Leitch, managing director of development finance at Hampshire Trust Bank, says addressing the housing shortage requires a coordinated effort from all stakeholders.

Despite the festive lull, activity remains substantially stronger than the same period a year ago.

Average mortgage rates are predicted to fall to around 4% by the end of next year, driven by four Base Rate cuts in 2025.