New data from all over the country showed that the demand had decreased in January due to a slowdown in the UK housing prices, and it was late in January.
The average housing price rose only 0.1 % in January of January, and the annual increase in housing prices dropped to 4.1 %.
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The decline in housing prices matched Tick, which has a high mortgage rate in the expectation of reducing interest rates for the remaining year. This ultimately became heavy for affordable prices.
“The housing market is continuing to recover, despite the continuous affordable pressure,” explains Robert Gardner, Chief Economist nationwide.
“As we emphasized in recent affordable reports, there were slight improvements last year, but affordable prices remained extended by historical standards. Average British income and 20 % deposit. The prospective first -time buyer real estate is equivalent to a monthly mortgage payment, which is equivalent to 36 % of take -out.
Analysts emphasized that while housing prices were growing slower, the first buyers, the lifeline of the real estate market, still felt that it was still difficult to get on a ladder.
“The housing price creeped in January. Compared to the powerful growth I saw in December, it was not a wonderful start of the year. Salakores, the person in charge of the Hagleve Slan Down, is about to be bored from the window.
“The real estate market is close to a record high price, and there is a risk of a victim of the success of itself. He said that the housing price and income rate had reached 5.0 at the end of 2024. However, the potential buyer is terrified by the fact that a mortgage with a fixed interest rate of 2 years (MONEYFACTS) has been stubbornly stubborn than the average long -term 3.9. It grows.
