Stamp duty changes in UK housing market

Upcoming changes to stamp duty should motivate first-time buyers to buy a property. The average price of a UK home ended 2024 close to the £300,000 mark, according to the UK’s biggest mortgage broker. Its calculations suggested UK house prices increased by 3.3%...

UK Housing market sees slow recovery

British property surveyors expect sales to continue to grow in the coming months after a gauge of house prices turned positive for the first time in nearly two years, though concerns remained about affordability despite easing borrowing costs. The Royal Institution of...

UK Interest Rates Fall For The First Time In 4 Years

The Bank of England has cut interest rates for the first time since the start of the pandemic. Even though it was a move that was anticipated, it will be seen as a boost for the commercial real estate sector. The day after the Federal Reserve decided to maintain rates...

UK House Price Index: June 2024

The average house price in the UK is £264,900 as of May 2024 (published in June 2024). Property prices are now at 0% inflation compared to a year ago. However, the average UK house price is set to rise by 1.5% by the end of the year. The recent pick up in sales market...