UK house prices show the first signs of recovery from recent declines following the pandemic. According to Nationwide Building Society, UK house prices have risen by 0.5% in April 2023. The average UK house price in April 2023 is £260,441. This is the first price rise in seven months.
The latest house prices taken together with industry data showing increased levels of mortgage applications in February 2023, suggest signs of recovery in the UK property market.
Colin Wooldridge residential and commercial property solicitor commented
The latest house prises taken together with industry data that shows that there has been an increased level of mortgage applications in February 2023, suggest signs of recovery in the UK property market.
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Colin Wooldridge
Colin is a specialist Property Lawyer. He studied at Manchester Metropolitan University and BBP Law School, Manchester. Colin qualified as a Solicitor in 2008 and has specialised in Property Law for the last 7 years. He has extensive experience in all aspects of property law and has dealt with the full range of residential property conveyancing matters from starter homes to properties exceeding one million pounds. Colin deals with both residential and commercial property matters throughout the UK and he has a reputation among his clients for dealing with their property matters quickly professionally and efficiently. In his free time, he enjoys holidaying in Ireland with his family and playing tennis.