Good news for those dreaming of a new home—house prices in the UK are rising at the fastest rate in nearly two years, reflecting confidence in the property market. Nationwide Building Society recently reported a 3.2% increase in house prices in the year to September, up from 2.4% in August, making it the sharpest annual rise since late 2022. With the average price of a UK home now standing at £266,094, it’s clear that the market is once again on the move.
This growth follows the Bank of England’s decision to reduce interest rates for the first time since 2020, cutting them from 5.25% to 5%. Lower rates have made borrowing more affordable, encouraging many to make the leap into home ownership. Robert Gardner, Nationwide’s Chief Economist, explained: “Income growth has outpaced house price growth, and with borrowing costs easing, affordability has improved for prospective buyers.” This trend has led to a noticeable increase in buyer activity, which is expected to continue as we approach the traditionally busy autumn period.
Terraced homes have seen the biggest rise, with prices up by 3.5%, followed by semi-detached homes and flats. Detached homes remain a popular choice due to the increased demand for space during the pandemic, with prices rising nearly 26% since 2020.
At Skipton Properties, we understand that buying a home is about more than just bricks and mortar. It’s about finding a place where you can create memories that last a lifetime. That’s why, with the market showing signs of strength, now is the perfect time to make your move.
And this Christmas, we’re making it even easier for you to find your dream home with our exclusive festive offer. For a limited time, when you reserve one of our beautifully crafted homes, you’ll enjoy luxury flooring throughout, making your home ready to move into from day one. Plus, we’ll give you £2,000 towards your moving costs to make your transition as smooth as possible.
As a little extra Christmas cheer, we’re also offering a £1,000 Amazon voucher to help you turn your new house into a home. Whether it’s adding the finishing touches or treating yourself to something special, this gift is the perfect way to celebrate the season in style.
This offer is available across selected homes ready for Christmas, including:
– Bolton Gardens, Silsden – Plot 15 The Ashton, Plot 31 The Ermysted, Plot 32 The Sharp
– The Alders, Skipton – Plot 81 The Lark SL, Plot 82 The Gallagher SL, Plot 84 The Hawthorn SL
– Croft Mill, Foulridge – Plot 3 The Ashton, Plot 9 The Read, Plot 14 The Mustoe, Plot 8, 10, 11, 16 The Lamb
– The Willows, Silsden – Plot 4 The Emily, Plot 19, 20, 21 The Hinton, Plot 38 The Loxley
At Skipton Properties, we believe in building homes that are filled with warmth, care, and attention to detail—homes that create the perfect setting for a lifetime of happy memories. Don’t miss this opportunity to start the new year in a home you’ll love.
Reserve your new home today and give your family the ultimate gift this Christmas.