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Nationwide said it is becoming harder for homeowners to trade up, with price gaps between different property types moving to a record high.
The average UK house price rose by nearly £24,000 during 2021 – the biggest increase ever recorded in a single year in cash terms.
The average UK house price rose by nearly £24,000 during 2021 – the biggest increase ever recorded in a single year in cash terms.
The price of a typical home has increased by £23,902 over the year, Nationwide Building Society said.
The price of a typical home has increased by £23,902 over the year, Nationwide Building Society said.