House price growth has remained steady in February 2025, according to the latest Nationwide House Price Index.
This spells good news for homeowners looking to sell their properties after the Christmas period, which saw a brief respite in buying interest.
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The newest data found that the annual rate of house price growth remained "solid" in February, at 3.9 per cent compared with 4.1 per cent in January.
As for month-on-month change, house prices saw a modest 0.4 per cent growth.
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This was a jump from the 0.1 per cent increase in January 2025, as reported in Nationwide's previous House Price Index.
Nationwide's Chief Economist, Robert Gardner, commented that February's growth signified the "sixth consecutive monthly gain - after taking account of seasonal effects".
He added: "Housing market activity has also remained resilient in recent months, despite ongoing affordability challenges.
"Indeed, the second half of 2024 saw a noticeable pick up in total housing transactions, which were up 14 per cent compared with the same period in 2023."
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The UK housing market is still somewhat reeling from the pandemic, with transactions six per cent lower than in 2019.
However, "first-time buyer activity continues to recover, with mortgage completions in 2024 just five per cent below 2019 levels".
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Industry experts weighed in on what the latest House Price Index means for the UK market.
Director of Benham and Reeves, Marc von Grundherr, commented:"A consistently positive performance has been the theme for the UK property market over much of the last year and this theme has so far continued in 2025.
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