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‘Softer’ End to 2025 for UK Housing Market as Prices Fell by 0.4 Month-on-Month
UK house prices fell 0.4% in December with annual growth slowing to 0.6%, average price at £271,068, amid mortgage rate pressures and regional variations, Nationwide said.
- Nationwide Building Society reported prices fell 0.4% in December, with the average UK house price at £271,068, and annual growth slowed to 0.6%.
- Activity spiked in March as purchasers who brought forward transactions sought to avoid additional tax, while stamp duty changes created spring-summer volatility and subdued demand into the festive period.
- Northern Ireland recorded 9.7% annual growth but remains about 5% below its 2007 peak; the North West rose 3.5%, while East Anglia fell 0.8% annually.
- Lenders are keen to attract business, and new mortgage pricing trended downwards as the base rate reduction is priced in; Nationwide Building Society expects house prices to rise 2% to 4% this year.
- Despite the softer finish, Nationwide said 2025 remains 'resilient' with affordability improving via income growth outpacing house price growth and market expectations of two or three base rate reductions this year.
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Total News Sources32
Leaning Left5Leaning Right1Center7Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 38%
C 54%
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