UK house prices accelerated in February, says the Nationwide

Nationwide has announced how UK house prices have accelerated in February, with property values rising by 4.5%.

Compared to January, house prices are up by 0.6% and the average home now costs £205,846. Although this is positive for the UK property market, Nationwide does not expect house prices to rocket, and is predicting a 2% rise in UK house prices over the course of the year.

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 The UK property market’s current state: An overview

An overview of Britain’s property market, focusing on the potential collapse of the London property market as well as the increase of investment in Birmingham.

“With the pound dropping quite dramatically in value, a lot of investors saw their chance to secure a bargain, and did so in London. And although other places, like Manchester and Birmingham, are slowly picking up more and more investment interest, some investors still prefer London as an almost traditional safe haven.”

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