Current Trends in UK Property Prices The property market in the UK is currently experiencing a notable upward trend, with house prices seeing increases for the third consecutive month. In September, there was a 0.3% rise, elevating the average house price to £293,399, marginally less than the record set in June 2022. This increase reflects a significant 4.7% surge in year-on-year growth, a clear...
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House Price Growth and Regional Variations The UK property market has been witnessing a notable uptrend in house price growth, with a 0.7% rise recorded in September and an overall annual growth rate of 3.2%, the highest seen since November 2022 as per data from Nationwide. The increase in house prices has not been uniform across regions. The northern part of the UK, particularly the North...
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The UK's property market is seeing remarkable developments in 2024, marked by a steady rise in house prices and an increase in mortgage approvals. However, it's not all plain sailing, especially for first-time buyers. A closer look at the dynamics of house prices, regional variations, and interest rates can help property investors make informed decisions. Current Trends in House Price Growth The latest...
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