UK house prices rise following mortgage rate cuts and Bank of England base rate decrease.
UK house prices have risen for the first time in nearly two years, driven by recent mortgage rate cuts and a decrease in the Bank of England's base rate. A survey indicates that 14% of professionals expect continued price increases in the next three months. While buyer interest is growing, the rental market faces a shortage of properties, leading to expected rent hikes. Additionally, a KPMG report shows growing interest in eco-friendly homes among potential movers.
September 11, 2024
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