Winson Solicitors logo
Legal news

House price inflation – the cost of buying a home is 10.5% more expensive than 12 months ago

Jonathan Winston Jonathan Winston
1 min read

Double digit house price inflation – Market still sluggish but under supply means the cost of buying a home is 10.5% more expensive than 12 months ago

The Nationwide Building Society has said that house price growth has gone into double figures for the first time in three years. Its figures revealed that UK house prices went up by 10.5% in the year to the end of April, the highest since June 2007. The rise left the price of the average home at £167,802.

However Nationwide believe that the price surge will not last and by the end of the year sellers will begin to outnumber buyers. Despite the new figures, activity in the property market is still sluggish with the average first-time buyer having to put down a 25% deposit to secure a mortgage. Recent figures from HM Revenue & Customs show that completed sales in the UK rose by 22% in March but that that was the lowest March figure since HMRC current records began in 1978.

Client feedback

Sidraa did the conveyancing on our recent house sale and purchase and she was outstanding. She is so thorough but also keeps you constantly updated removing a lot of the anxiety about the process. She was also ably helped by Paulo. Thank you for all the hard work you put in on our behalf.
Kathryn
Great from start to finish. Kept updated at all times. Michelle was also good at replying to my emails,I would highly recommend to anyone.
Jonathan
Lease has been amazing getting all my documents ready for my house purchase, she was rapid at responding to my email and replying back to any queries I had. I would surely recommend it Winston solicitor to my family and friends.
Fatima
I used Winston solicitors for the purchase of my first home. They were absolutely fantastic, especially Michelle who was my solicitor. She was so kind and friendly. She answered every question I have and was very responsive and easy to get a hold of. I highly recommend Winston solicitors and Michelle especially:)
Tomas
We recently worked with Sidraa when buying a property. She was very efficient, thorough and a pleasure to deal with.
Joanne
It was really an excellent experience with your organization. The engagement was seemless and professional. We were guided objectively. Thank you for providing a good and friendly service for our mortgage till the key was exchanged and after services follow up. Leasa Foster thanks to you specially for a good well done from the beging of our trasaction till the end. You did well and be rest assured of my referral.
Hammed
Michelle Ayres at Winston Solicitors delivers a first class conveyancing service. Michelle is diligent and conscientious and gave clear communication, throughout the process, about what was required to complete each conveyancing stage.Michelle is patient and supportive too - something we very much appreciated during the stressful sale period.We would recommend Michelle Ayres and the Winston team to anyone who is looking for a trustworthy and reliable conveyancing solicitor.
Anonymous
This is the fourth time we have trusted Winston Solicitors - Sidraa Razaq in particualr! Amazing, efficient, and fast service each time. There has never been a delay from her end. Many estate agents always pester us with their own partner solicitors but we always kindly reject them and choose Sidraa. We would always recommend Sidraa and her team!
Tariq
Contact us