Annual house price growth returned to positive territory for first time in over a year in February, rising by 0.7% month on month, the latest Nationwide House Price Index has revealed.
The annual rate of change returned to positive territory for first time since January 2023, with prices up 1.2% year on year.
The average house price was £260,420, compared to a slightly lower figure of £257,656 in January.
Robert Gardner, Nationwide’s chief economist, said: “UK house prices rose by 0.7% in February, after taking account of seasonal effects. Experts Give Their Opinions:
To start your Mortgage Enquiry with us use this link - Enquire Here!
Link to Original Article: The Intermediary - House prices see 0.7% rise in February – Nationwide