Annual UK property price growth was sluggish in February , with an average of £ 211,304 ( $ 272,140 ) for residential properties , Nationwide has said . The number of prospective property purchasers registered per estate sale fell from 304 in December to 297 in January , according to the National Association of Estate Agents . Property market leader Kate Faulkner said housing is improving as annual property price growth of 2.8 % has fallen behind wage growth of 3.4 % .
Annual UK house price growth was sluggish in February, reaching an average of £211,304 ($272,140) for mortgaged properties, Nationwide has said. The number of prospective property purchasers registered per estate agent fell from 304 in December to 297 in January, according to the National Association of Estate Agents. Property market analyst Kate Faulkner said affordability is improving as annual property price growth of 2.8% has fallen behind wage growth of 3.4%.