UK house prices rise by 4.7% in 2024, fueled by resilience in the housing market - PRESS AI WORLD
PRESSAI
All categories
Recent Posts
side-post-image
Massive Power Outage Hits Spain and Portugal, Millions Affected
user-iconGloria Terra
side-post-image
Russia Declares Unilateral Three-Day Ceasefire in Ukraine for May 8-10
user-iconTessa Byte
Contact Phone:
Economy

UK house prices rise by 4.7% in 2024, fueled by resilience in the housing market

share-iconPublished: Thursday, January 02 share-iconUpdated: Thursday, January 02 comment-icon3 months ago
News sources:
BBC
UK house prices rise by 4.7% in 2024, fueled by resilience in the housing market

Credited from: BBC

  • According to the **Nationwide**, UK house prices rose by **4.7%** by the end of 2024, marking resilience in the housing market.
  • The **average property cost** reached **£269,426**, although it remains below the 2022 peak.
  • **Terraced homes** experienced the highest price growth, with Northern Ireland and northern England showing the fastest increases.
  • Experts foresee challenges in 2025 due to **uncertainty over mortgage rates** and changes in **stamp duty** regulations.
  • Predictions indicate a potential **10% increase** in mortgage lending for house purchases in 2025, but doubts about this forecast persist.

For more details, visit the original article here.

SHARE THIS ARTICLE:

TAGS:

Uk house prices Nationwide Housing market Mortgage rates Property affordability
author-dp

Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

nav-post-picture
date-iconJanuary 02, 2025 FBI probes truck attack in New Orleans that left 15 dead, suspects under investigation
date-iconJanuary 02, 2025 BSNL Users Across India Experience Widespread Connectivity Issues
nav-post-picture
Related Posts

Stay Connected

main-post-image
Technology
EU Fines Apple €500 Million and Meta €200 Million for Digital Market Violations
date-icon April 25, 2025
main-post-image
World News
Gaza Food Stocks Depleted Amid Ongoing Israeli Blockade, Humanitarian Crisis Deepens
date-icon April 27, 2025
main-post-image
World News
China Critiques U.S. Over Politicized Claims of COVID-19 Origins
date-icon April 23, 2025
main-post-image
Crime
Two US Marines Investigated for Alleged Rapes in Okinawa, Sparking Local Outrage
date-icon April 24, 2025

Tags

Stay informed effortlessly with PRESS AI WORLD, the AI-powered news summarizer that delivers concise, easy-to-read global headlines tailored to your interests.

Categories

Recent Posts

side-post-image
Massive Power Outage Hits Spain and Portugal, Millions Affected
user-iconGloria Terra
side-post-image
Russia Declares Unilateral Three-Day Ceasefire in Ukraine for May 8-10
user-iconTessa Byte
© 2025 All rights reserved | PRESS AI WORLD