Nationwide HPI: House price growth slows but remains resilient

House prices in the UK have remained positive in the first month of the year, with a 4.1% increase compared to last year and a 0.1% increase from last month, according to Nationwide’s House Price Index. Affordability pressures persist, with buyers needing high salaries, hefty deposits, or assistance from family to purchase a home. Despite improving affordability levels, experts predict a slowdown in the housing market following the stamp duty deadline on 31 March, with buyer demand remaining high but sellers advised to price their homes competitively and buyers cautioned about potential rising house prices.

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