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Nationwide reported a decrease of -0.4% in house prices in April, resulting in an annual growth rate of 0.6%. Affordability challenges are still impacting buyer purchasing power. Prices have remained relatively stable for the past 16 months, with a slight decrease of -0.4% compared to January 2023. Despite these trends, our forecasts anticipate a 2.5% growth in house prices for 2024. The housing market is closely influenced by mortgage interest rates, which have been gradually increasing since the beginning of the year. However, they are still lower than the peak seen in mid-2023, which has positively impacted buyer confidence. This confidence is expected to rise further once buyers have more clarity on potential base rate cuts. The Bank of England decided to maintain the base rate at 5.25% in May, in line with economists' expectations. See more:

Nationwide reported a decrease of -0.4% in house prices in April, resulting in an annual growth rate of 0.6%. Affordability challenges are still impacting buyer purchasing power. Prices have remained relatively stable for the past 16 months, with a slight decrease of -0.4% compared to January 2023. Despite these trends, our forecasts anticipate a 2.5% growth in house prices for 2024. The housing market is closely influenced by mortgage interest rates, which have been gradually increasing since the beginning of the year. However, they are still lower than the peak seen in mid-2023, which has positively impacted buyer confidence. This confidence is expected to rise further once buyers have more clarity on potential base rate cuts. The Bank of England decided to maintain the base rate at 5.25% in May, in line with economists' expectations. See more:

House prices edged up 0.3% in August, with annual growth rising to 4.3%, the fastest pace since late 2022. However, this is partly due to the comparison with weaker growth this time last year. Buyer confidence has been boosted since the Bank of England rate cut at the beginning of August and mortgage rates trending downwards. 37% of property professionals expect sales prices to increase in the next 3 months, with 1.4% house price change now predicted through 2024, up from -2.2% this time last year. However price growth is likely to remain constrained by affordability, which remains a significant challenge for many potential buyers. Source: Dataloft by PriceHubble (poll of subscribers), Halifax, HM Treasury Average of Independent Forecasts

House prices edged up 0.3% in August, with annual growth rising to 4.3%, the fastest pace since late 2022. However, this is partly due to the comparison with weaker growth this time last year. Buyer confidence has been boosted since the Bank of England rate cut at the beginning of August and mortgage rates trending downwards. 37% of property professionals expect sales prices to increase in the next 3 months, with 1.4% house price change now predicted through 2024, up from -2.2% this time last year. However price growth is likely to remain constrained by affordability, which remains a significant challenge for many potential buyers. Source: Dataloft by PriceHubble (poll of subscribers), Halifax, HM Treasury Average of Independent Forecasts 📞01909 495 170 📧anston@ewemove.com 🌐https://lnkd.in/e_wTukAV #propertymarket #bankofengland #EweMove #EstateAgents #Anston #Sheffield

Nationwide reported a decrease in house prices of -0.4% in April, leading to a slower annual growth rate of 0.6%. The ongoing affordability challenges are impacting buyer purchasing power. Over the past 16 months, prices have remained relatively stable, with a slight decrease of -0.4% compared to January 2023. Despite these trends, our latest forecasts predict a 2.5% growth in house prices for 2024. The housing market continues to be influenced by fluctuations in mortgage interest rates. Rates have been gradually increasing since the lows seen in January and February, although they remain below the peak levels of mid-2023. This has helped boost buyer confidence. Buyer sentiment is expected to improve further once there is more clarity on potential base rate cuts. The Bank of England decided to maintain the base rate at 5.25% in May, in line with most economists' expectations. Read more:

Nationwide reported a decrease in house prices of -0.4% in April, leading to a slower annual growth rate of 0.6%. The ongoing affordability challenges are impacting buyer purchasing power. Over the past 16 months, prices have remained relatively stable, with a slight decrease of -0.4% compared to January 2023. Despite these trends, our latest forecasts predict a 2.5% growth in house prices for 2024. The housing market continues to be influenced by fluctuations in mortgage interest rates. Rates have been gradually increasing since the lows seen in January and February, although they remain below the peak levels of mid-2023. This has helped boost buyer confidence. Buyer sentiment is expected to improve further once there is more clarity on potential base rate cuts. The Bank of England decided to maintain the base rate at 5.25% in May, in line with most economists' expectations. Read more:

🏡 House prices edged up 📈 0.3% in August, with annual growth rising to 4.3%, the fastest pace since late 2022. However, this is partly due to a comparison with weaker growth last year. 💪 Buyer confidence has been boosted since the Bank of England rate cut at the beginning of August and mortgage rates trending downwards. 📊 37% of property professionals expect sales prices to increase in the next 3 months, with a 1.4% house price change now predicted through 2024, up from -2.2% last year. 💰 However, price growth is likely to remain constrained by affordability, which continues to be a significant challenge for many potential buyers. 🏦 Source: Dataloft by PriceHubble (poll of subscribers), Halifax, HM Treasury Average of Independent Forecasts #HousingMarket #PropertyPrices #RealEstateTrends #BuyerConfidence #MortgageRates

𝗦𝘁𝗿𝗼𝗻𝗴𝗲𝘀𝘁 𝗴𝗿𝗼𝘄𝘁𝗵 𝗶𝗻 𝗵𝗼𝘂𝘀𝗲 𝗽𝗿𝗶𝗰𝗲 * House prices edged up 0.3% in August, with annual growth rising to 4.3%, the fastest pace since late 2022. However, this is partly due to the comparison with weaker growth this time last year. * Buyer confidence has been boosted since the Bank of England rate cut at the beginning of August and mortgage rates trending downwards. 37% of property professionals expect sales prices to increase in the next 3 months, with 1.4% house price change now predicted through 2024, up from -2.2% this time last year. * However price growth is likely to remain constrained by affordability, which remains a significant challenge for many potential buyers. Source: Dataloft by PriceHubble (poll of subscribers), Halifax, HM Treasury Average of Independent Forecasts #ukhousing #housing #property #ukproperty #propertymarket #northwest

House prices edged up 0.3% in August, with annual growth rising to 4.3%, the fastest pace since late 2022. However, this is partly due to the comparison with weaker growth this time last year. Buyer confidence has been boosted since the Bank of England rate cut at the beginning of August and mortgage rates trending downwards. 37% of property professionals expect sales prices to increase in the next 3 months, with 1.4% house price change now predicted through 2024, up from -2.2% this time last year. However price growth is likely to remain constrained by affordability, which remains a significant challenge for many potential buyers. Source: Dataloft by PriceHubble (poll of subscribers), Halifax, HM Treasury Average of Independent Forecasts #houseprices #housing #housingmarket #property #propertymarket #buyingagent #propertyfinder #essexproperty #essexpropertyfinder #hertfordshireproperty #hertfordshirepropertyfinder

🏡 House prices edged up 📈 0.3% in August, with annual growth rising to 4.3%, the fastest pace since late 2022. However, this is partly due to a comparison with weaker growth last year. 💪 Buyer confidence has been boosted since the Bank of England rate cut at the beginning of August and mortgage rates trending downwards. 📊 37% of property professionals expect sales prices to increase in the next 3 months, with a 1.4% house price change now predicted through 2024, up from -2.2% last year. 💰 However, price growth is likely to remain constrained by affordability, which continues to be a significant challenge for many potential buyers. 🏦 Source: Dataloft by PriceHubble (poll of subscribers), Halifax, HM Treasury Average of Independent Forecasts #HousingMarket #PropertyPrices #RealEstateTrends #BuyerConfidence #MortgageRates #AffordabilityCrisis #kw #kww #kwuk #whereentrepreneursthrive