Higher mortgage rates and rising buying costs due to looming changes in Stamp Duty have taken some of the heat out of recent house price growth.

A rise in the number of buyers returning to the market and a predicted uptick in new homes being built could pave the way for UK house prices to reach the next major milestone.

Simply increasing the housing supply is unlikely to have a significant impact on house prices unless the type, size, and tenure of the homes align with market demand

The price of a typical UK home was estimated to stand at £268,000 in December - £12,000 higher than in December 2023.

Average house prices in Wales increased slightly to £233,200 during Q4 2024

Rightmove has reported a muted price rise this month as new sellers lower price expectations.

Properties within the same postcode as some of London's most iconic landmarks are highly sought after.

1,591 homes sold for £2m or more in 2024, with an average sold price of £2.75m

The housing market has kicked off 2025 with prices increasing by +0.7% in January following dip of -0.2% in December.

Annual house price growth in January has seen a "modest slowing" compared with December.