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Wales Online
Wales Online
National
Phil Norris

House prices soar but warning housing market could slow over 'affordability'

The housing market has had its strongest start to the year since 2005, according to an index.

Annual house price growth increased to 11.2 per cent in January 2022, accelerating from 10.4 per cent in December 2021, Nationwide Building Society said.

Robert Gardner, Nationwide’s chief economist, said: “Annual house price growth accelerated to 11.2 per cent in January, the strongest pace since June last year and the strongest start to the year for 17 years.

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