Monthly Reviews

As we approach the new year, Zoopla has highlighted trends in the UK property market in 2024.

Release of the latest inflation statistics showed consumer prices are now rising at their fastest rate since March 2024, while last month also saw Bank of England (BoE) policymakers become more divided over the need to cut interest rates.

As we approach the new year, Zoopla has highlighted trends in the UK property market in 2024.

Release of the latest inflation statistics showed consumer prices are now rising at their fastest rate since March 2024, while last month also saw Bank of England (BoE) policymakers become more divided over the need to cut interest rates.

As we approach the new year, Zoopla has highlighted trends in the UK property market in 2024.

Release of the latest inflation statistics showed consumer prices are now rising at their fastest rate since March 2024, while last month also saw Bank of England (BoE) policymakers become more divided over the need to cut interest rates.

House price growth slowed ahead of the first Labour Budget in 14 years according to Savills.

Last month, the Bank of England (BoE) cut interest rates for only the second time since 2020 but also warned future reductions were likely to be more gradual due to the prospect of inflation creeping higher next year.

In August, mortgage approvals were only 3% below pre-pandemic levels.

New economic projections produced by the Office for Budget Responsibility (OBR) suggest the Labour administration’s first Budget will provide only a ‘temporary boost’ to UK economic output.

Demand for rental properties has decreased by 39% over the last 12 months, while supply has risen by 17%.

The new forecast places the UK alongside Canada and France in the G7 rankings

Many major mortgage lenders had already reduced their rates in anticipation of the cut and more are expected to follow suit.

The annual headline rate rose to 2.2% in July following two consecutive months

Following the Labour Party’s landslide election win, what changes might be in store for the UK housing market?

The latest gross domestic product (GDP) statistics revealed that economic output rose by 0.4% in May