• Posted 6th December 2017

Prices Going Up: UK house prices continue slow, steady rise despite Budget boost for first-time buyers

Low mortgage rates, high employment and a lack of homes for sale is keeping house price growth stable. The average house price in the UK is £210,000, up 2.5 per cent on last year, continuing the run of modest price growth between two and four per cent since March this year. A delicate balance of low mortgage rates and high employment supporting demand combined with a lack of homes for sale was keeping price growth stable, despite stretched household incomes weighing on buyer confidence, according to the report by Nationwide.