House prices fell by 1.8% in February, says the latest report from Nationwide, bringing the average price of a property to £147,746, down 17.6% from this time last year and under £150,000. Cuts in interest rates have helped affordability, Nationwide adds, but this has not yet kickstarted confidence in the market.
‘Early signs of increased interest in housing, as reported by the pick up in new buyer enquiries, have yet to filter into sales, but do suggest that falling prices and interest rates are raising curiosity now, which could flow through quickly once confidence does return,’ said Fionnuala Earley, Nationwide’s chief economist.
* More news on the property market and house prices
-
Brockfield Hall, the great Yorkshire house that's gone from Regency mansion to modern family homeBrockfield Hall in North Yorkshire is the family home of Charlie Wood and Hatta Byng, editor of House & Garden, who have transformed it since they came here in 2020, winning multiple awards in the process. John Martin Robinson reports on the restoration project that revived this compact Regency house as a modern family home. Photographs by Paul Highnam for Country Life.
-
Barbour’s heritage jackets get a floral makeover courtesy of ErdemUtilitarian outwear has taken the fashion world by storm and now Britain's world-famous wax jackets are getting in on the act, inspired by some of our greatest countryside icons.
