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Rush to coastal and rural areas finally runs out of steam as flats and urban locations make a comeback.
Rush to coastal and rural areas finally runs out of steam as flats and urban locations make a comeback.
House price growth over the last 3 months has dropped to 0.7%, the lowest level since February 2020 - but there are no price falls just yet. Here’s a closer look at what’s happening with UK house prices.
Sellers are beginning to offer bigger discounts to buyers to get their sales agreed, but we’re not seeing the need for a big double digit reset in UK house prices.
More homes are now coming up for sale across the UK. And because they’re no longer selling like hotcakes as they did in the pandemic, stocks are starting to rebuild.
Will mortgage rates rise or fall, will house prices remain stable and is negative equity a real concern? Get the latest with our House Price Index.
Higher mortgage rates are squeezing out new buyers, but large scale price reductions on properties for sale aren't expected to materialise this year.
Not for the vast majority of homeowners. Even a 15% reduction in house prices would mean very few cases of negative equity for mortgaged sales up to the end of 2021.
After two years of being a red-hot sellers’ market, it looks like the UK housing market is shifting back to becoming a buyers’ market.
The pandemic-led property boom leads to affordability problems, as some parts of the UK experience 10 years' price growth in the space of just two years.