UK house prices fall in festive lull but property market activity stronger than 2023

In December, new seller asking prices fell by 1.7% to £360,197, reflecting the usual seasonal lull, according to Rightmove’s house price index. Despite this, prices have increased by 1.4% compared to the previous year, with housing market activity on the rise. The impending end of temporary stamp duty changes and potential Bank Rate cuts are expected to impact house prices in 2025.

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