UK house prices climb 0.4%

According to Nationwide, the average price of property in the UK increased by 0.4% to £270,493 in February, marking the sixth consecutive month of growth. Robert Gardner, Nationwide's chief economist, noted that “housing market activity has remained resilient in recent months, despite ongoing affordability challenges.” The annual growth rate stands at 3.9%, slightly down from 4.1% in January. The upcoming changes to stamp duty, effective from 1 April, are expected to create a surge in transactions as buyers rush to complete purchases before the new rates take effect. Gardner warned that this could lead to a “jump in transactions in March, and a corresponding period of weakness in the following months.” 

Daily Mail (01/03/2025)   Financial Times (01/03/2025)   The Standard (01/03/2025)   The Times (01/03/2025)