House Prices Spring Back: January Surge
- Sarah Ruivivar
- 3 days ago
- 2 min read
The UK housing market is showing signs of life as house prices bounce back this January.
According to Nationwide's latest House Price Index, average property values have risen by a cheerful 1% annually, lifting spirits across the board.
After a bumpy December, thanks to the Autumn Budget's aftermath, January saw a 0.3% monthly price increase, putting the average UK house price at a tidy £270,873. With whispers of potential interest rate cuts and improved affordability, the market's looking sunnier.
Nationwide's chief economist, Robert Gardner, noted the uptick in house price growth and highlighted that mortgage approvals are holding steady, reminiscent of pre-pandemic levels. He predicts a market recovery, especially if affordability continues to improve.
Want to hear more? Join Mal & Matt on the Property AI Report Podcast each week!
Access from your preferred podcast provider by clicking here
Estate agents are chiming in with their thoughts. Tom Bill from Knight Frank points to a post-Budget deal flurry, although he warns of fragile demand. Meanwhile, Iain McKenzie of The Guild of Property Professionals is optimistic, citing a rebound in buyer demand and easing mortgage rates. He advises sellers to stay realistic and responsive to local conditions.
Nathan Emerson from Propertymark is equally buoyant, noting growing consumer confidence and competitive mortgage deals. He hopes for further base rate cuts to enhance affordability, encouraging those waiting for the perfect moment to dive into the market.
So, as we step further into 2026, the housing market seems to be shaking off its winter blues. Here's to a year of growth, opportunity, and maybe even a few pleasant surprises!
Want to hear more? Join Mal & Matt on the Property AI Report Podcast each week!
Access from your preferred podcast provider by clicking here
Made with TRUST_AI - see the Charter: https://www.modelprop.co.uk/trust-ai