In September, UK house prices rose 0.8% to £370,759, the largest monthly increase since 2016.
In September, UK house prices rose by 0.8%, or nearly £3,000, reaching an average of £370,759, marking the largest monthly increase since 2016. This surge is attributed to a new government and the first Bank of England rate cut in four years. However, uncertainties surrounding the upcoming October budget and potential further rate cuts may affect market dynamics. It now takes about 60 days to sell a newly listed home, requiring competitive pricing from sellers.
September 15, 2024
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