UK house prices grow again marking strong end to 2024 plus what’s next for New Year

UK house prices have grown again marking a strong end to 2024, according to Nationwide.

The building society said the average price of a property rose by 0.7% in December, up from 1.2% the month before.

GettyHouse prices continue to grow despite affordability issues, Nationwide said[/caption]

Meanwhile, the annual price growth rate was 4.7% compared with December 2023.

Across the UK, the average house price in December was £269,426, a rise from £268,144 in November.