"Annual house price growth remained steady at 1.0 per cent in February. Prices increased by 0.3 per cent month-on-month, after taking account of seasonal effects. This reinforces the view of a modest recovery after a dip at the end of 2025, most likely reflecting uncertainty around potential property tax changes ahead of the Budget."
"Improved affordability and an easing in credit availability has helped to support first-time buyer activity in the housing market, Nationwide Building Society said."
Nationwide Building Society reported steady house price growth in February, with month-on-month increases of 0.3% and annual growth of 1.0%, bringing the average UK house price to £273,176. The consistent figures reflect a modest recovery following a dip at the end of 2025, likely driven by uncertainty surrounding potential property tax changes. Improved affordability and easing credit availability have supported first-time buyer activity. Chief economist Robert Gardner noted the market anticipates a busier period ahead, with housing market activity expected to recover as conditions stabilize.
#uk-housing-market #house-prices #property-market-growth #first-time-buyers #nationwide-building-society
Read at www.independent.co.uk
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