UK house prices jump to new record high in January UK house prices have recovered after a slight dip in December.
While house prices may have gone up, on an annual basis, prices rose the slowest rate since July, by three per cent.
Ms Bryden remarked that the fundamental issue remained a lack of supply within the housing market, but along with a” gradual improvement in affordability”, she predicted a modest house price growth over the year.
She predicted mortgage rates would hover between four per cent and five per cent in 2025, “influenced by both global financial markets and domestic monetary policy.”.
UK house prices reached a new record average high in January of almost £300,000, according to Halifax.
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