In response to the latest Zoopla House Price Index, Nathan Emerson, CEO of Propertymark, highlights a housing market showing resilience despite economic uncertainty. With base rates falling to 3.75%, he notes that first-time buyers are being encouraged to enter the market as lower borrowing costs ease monthly repayments and improve affordability. While transaction levels are rising, Emerson points out that house price growth remains modest, reflecting a balance between healthy supply and ongoing affordability constraints. His comments suggest a measured and steady outlook for the housing market as we head into 2026.
Nathan Emerson, CEO of Propertymark, comments:
“We continue to see a housing market that is responding positively despite economic turbulence. Now that we have seen a further reduction in base rates down to 3.75%, this will hopefully spur first-time buyers to continue to drive the highest level of home moves as lower borrowing costs are easing monthly repayment pressures and improving affordability, particularly for those entering the market for the first time.
The falls in rates have helped release some of the pent-up demand that built up towards the end of this year, supporting transaction levels as we move into 2026. However, while activity is picking up, data shows that house price growth remains modest. With a good supply of homes available and affordability still a key constraint, especially in higher-priced areas, price rises are likely to remain measured rather than accelerate rapidly.”
