UK Housing Market Braces for Election

In April, UK house sales increased by 5% to 90,430, following a slowdown due to rising mortgage rates. Nationwide’s chief economist, Robert Gardner, noted that general elections usually have minimal impact on house prices, with broader economic trends being more influential. Research from Compare My Move indicated that house [...]

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January 2024 Market Updates

The January 2024 update on the UK housing market highlights several key trends: – House Prices: House prices held steady in December 2023, with a slight annual drop of -1.8%. However, there were notable regional differences, with East Anglia seeing the largest decline at -5.2% and Scotland showing modest growth [...]

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UK House Prices Experience Modest Growth in June, but Challenges Signal Potential Falls Ahead

House prices in the UK experienced a slight growth of 0.1% in June, resulting in an annual growth rate of -3.5%, according to Nationwide. However, challenges in the mortgage market and increased supply suggest that future price falls are likely. Although mortgage approvals increased in May, they still remained [...]

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