Nationwide analysis finds strong start to year for house prices

Nationwide has reported the strongest start to the year for house prices in 17 years, with chief economist Robert Gardner noting that “Housing demand has remained robust." He continued: "Mortgage approvals for house purchase have continued to run slightly above pre-pandemic levels,” with the average price of a home now standing at £255,556. He added that “at the same time, the stock of homes on estate agents' books has remained extremely low, which is contributing to the continued robust pace of house price growth".

The Times (01/02/2022)