What happened: Nationwide forecasts UK house prices could increase by 2-4% in 2026, supported by a slight drop in interest rates and improving affordability. The FCA also plans measures to assist first-time buyers and the self-employed.
Why it matters:
- Rising house prices could affect affordability for buyers, especially first-timers.
- Lower interest rates and FCA support may help more people enter the property market.
MNN Take: Gradual income growth combined with easing interest rates is expected to strengthen the housing market, though affordability challenges remain for some buyers.
Sources: Guardian UK