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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.

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Our experience using Winstons Solicitors for our home purchase was excellent. Communication was clear and timely throughout, and we never once had to chase for a response. Michelle and the entire team were fantastic, and we couldn’t recommend them more highly.
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We have just used Winston Solicitors for any sale which went very well but the purchase had a few problems and took longer than expected but with the help of Sam and her team we finally got there. Sam was very good any problems we had were dealt with correctly and straight away acted on which was good professional work always. We would definitely use them again and recommend them.
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I recently used Winston Solicitors for the puchace of a new house and I don't have anything other than positive things to say obout the service. Olivia was always availble when I needed to get in touch for updates, either by phone or email. The level of customer service really shone through and that's what I would say made the difference. I'd have no hesitation in recommending them to anyone who is looking for a conveyencing solicitor.
Matt
I am really happy and thank you very much.
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