Zoopla: UK house price growth hits three-year high

The housing market has seen a surge in activity as buyers rush to beat the drop in stamp duty thresholds, with new sales agreed up 12% annually and buyer demand increasing by 13% in January 2025. House prices rose 2% in 2024 to £267,700, with Northern Ireland experiencing the highest growth at 7.7%. Despite slower price growth in southern England, the market is expected to remain active due to buyers looking to secure deals before the stamp duty changes in April. Forecasts suggest a 2.5% rise in house prices this year, with varying predictions from different agencies.

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