UK house price growth slowed to its weakest pace since April 2024 following an unexpected decline in December, according to new data reported by Reuters. The surprising drop signals increasing caution among buyers amid economic uncertainties and rising interest rates, marking a notable shift in the property market dynamics after months of steady gains. Industry experts are closely monitoring the trend, as the slowdown could have wider implications for the housing sector and the broader UK economy.
UK House Price Growth Hits Lowest Point Since April 2024 Amid Unexpected December Decline
The UK housing market experienced a notable deceleration in December, with growth rates contracting to their lowest level since April 2024. This unexpected downturn defies prior forecasts, which anticipated steady gains heading into the new year. Key economic factors driving this shift include rising mortgage rates and ongoing inflationary pressures, which have collectively dampened buyer…
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Author : Caleb Wilson
Publish date : 2026-01-03 16:23:00
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