House prices have ended the year 1.8% lower, according to Nationwide which forecasts no growth or a further fall in 2024.
The lender said the average house price across the UK was £257,443 in December.
This was flat compared to November but down compared to December last year.
This was flat compared to November but down compared to December last year.
The number of housing transactions has been running at around 10% below pre-Covid levels, the lender said.
The drop was more pronounced for those buying a house using a mortgage – down 20% compared to before the pandemic.
However, the volume of cash deals continues to run above the levels recorded before Covid hit.
Only Northern Ireland and Scotland recorded house price growth for the last three months of this year.
In Northern Ireland, the average house price rose by 4.5% to £184,593 between October and December. In Scotland it edged up 0.5% to £179,208.
House prices have ended the year 1.8% lower, according to Nationwide which forecasts no growth or a further fall in 2024.
This was flat compared to November but down compared to December last year.
The lender said the average house price across the UK was £257,443 in December.
The number of housing transactions has been running at around 10% below pre-Covid levels, the lender said.
This was flat compared to November but down compared to December last year.
This was flat compared to November but down compared to December last year.
The number of housing transactions has been running at around 10% below pre-Covid levels, the lender said.
The drop was more pronounced for those buying a house using a mortgage – down 20% compared to before the pandemic.
However, the volume of cash deals continues to run above the levels recorded before Covid hit.
Only Northern Ireland and Scotland recorded house price growth for the last three months of this year.
In Northern Ireland, the average house price rose by 4.5% to £184,593 between October and December. In Scotland it edged up 0.5% to £179,208.
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