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Will house prices keep rising or fall in 2026?
House prices in the UK are showing regional disparities in 2026. While some areas like northern England and Northern Ireland are experiencing gains, London and southern regions are seeing prices flatline or decline. Overall, modest growth is expected, driven by improved affordability and rate cuts, but significant increases are unlikely this year.
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Are mortgage rates still low enough for first-time buyers?
Yes, mortgage rates have fallen below 4% for many fixed deals, making borrowing more affordable for first-time buyers. Lenders have also relaxed mortgage rules, allowing smaller deposits and looser affordability tests, which further supports new buyers entering the market.
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Which regions in the UK are seeing the biggest changes in property prices?
Regional disparities are prominent in 2026. Northern England and Northern Ireland are outperforming other regions with rising house prices, while London is experiencing a slowdown or price flatlining. The North-South divide remains a key feature of the current market landscape.
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How will rate cuts affect the housing market this year?
Rate cuts by the Bank of England have made borrowing cheaper, encouraging more activity from buyers, especially first-timers. Lower rates are also helping to stabilize prices and boost market confidence, although they may also lead to increased competition in some areas.
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Is now a good time for first-time buyers to get on the property ladder?
With mortgage rates at historic lows and lenders relaxing borrowing criteria, 2026 is a promising year for first-time buyers. Improved affordability and increased competition among lenders are making it easier for newcomers to buy their first home.
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What should sellers consider in the current market?
Sellers should be aware of regional price trends and the overall slow growth in some areas. Pricing competitively and understanding regional demand can help secure a sale. Additionally, the ongoing economic uncertainties mean that timing and market conditions are crucial for successful selling.