Here’s something that might surprise you… the UK house is almost
£50k cheaper today than it was in 2022 – and people’s
wages have gone up too!
Let me explain:
📉 Headline House
prices have barely moved – up just 3% since 2022 (£260,800 in Q1 ‘2022
to £268,500 in Q4 2024)
📊 Yet Inflation-adjusted
house prices are down 15.64% – (the 2022 house price
figure of £260,800, in today’s money, is £318,300) meaning the average UK home
is effectively just under £50,000 cheaper in real
terms.
💰 In
this time, Real wages (wages after inflation) have
risen 4.8%, meaning buyers now have more spending power.
This creates a rare opportunity for Northampton
home movers and first-time buyers. If you’ve been holding off because of high
interest rates, consider this:
✅ The home you want to buy
is effectively on sale.
✅ Interest rates are slowly
coming down.
✅ Your
income (in real terms) is higher than before.
✅ More
homes on the market = more choice and negotiating power.
All the raw data is from the Nationwide Building Society,
ONS and crunched by Christopher Watkin, the UK Property Market journalist
Smart Northampton movers are taking advantage
of this now – will you?