Overview
- Rightmove reports February’s newly listed asking prices were effectively flat at £368,019, following a £9,893 surge in January that leaves prices up 2.8% since December.
- Homes for sale are at an 11-year seasonal high, giving buyers more choice and tempering further price increases.
- Market activity has strengthened versus recent years, with new listings 11% above two years ago and sales agreed up 9% on this point in 2024.
- Affordability has improved as wages rose about 17% over three years versus 1.5% for prices, helped by cheaper mortgages and more flexible lending rules.
- Savills values UK housing at about £9.18tn, with slower stock appreciation in 2025 and growth concentrated in northern regions, as ministers indicate London prices may need to adjust to meet building targets.