House prices grew 12.6% in a year, says Nationwide

Houses for sale

No sign of expected slowdown yet as increase breaks records

The average house price in the United Kingdom rose 12.6% in February year-on-year as prices show no sign of slowing down.

According to Nationwide the average price was £260,230 in February an increase of £29,162 on the same period in 2021. This is the largest annual increase in cash terms since the start of the index in 1991.

Prices also rose 1.7% month-on-month- the seventh consecutive monthly increase.

Login or Register for free to continue reading Housing Today

To continue enjoying, REGISTER FOR FREE

Already registered? Login here

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Sign up below to receive:

  • Breaking industry news as it happens
  • Gain access to Housing Today’s Specialist CPD modules
  • Expert News and analysis

It takes less than one minute….

Join the Housing Today community - REGISTER TODAY

… or subscribe for full access - Subscribe now