UK Homebuyers See Best Affordability in a Decade
Update: 2025-12-05
Description
First-time homebuyers in the UK are experiencing improved affordability, with average property prices reaching a record high but still within reach of average incomes. Lenders are easing criteria and reducing interest rates, making it a favorable time for home purchases. Despite slower growth, property prices are expected to continue gradually increasing into 2026. The market shows resilience, with potential for house prices to surpass the £300,000 milestone. Theres a north-south divide, with prices falling in London and rising in other areas like Scotland and the North West. Northern Ireland has shown the strongest growth.
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