Page 9 - Nick Leeming News Today

United Kingdoms national estate agency Jackson-Stops recently analyzed Rightmove data and conducted a national poll of active home movers across the UK to reveal that interest rates are driving an increase of homes for sale across the market.

SCOTLANDS house prices rose at a faster rate annually than anywhere else in the UK in June, according to fresh figures.

The Office for National Statistics revealed growth of 7.8 in June, down from 12.8 in the previous month.

The uptick means that the average house price in the UK was £283,000 in May 2022, £32,000 more than the same time last year.

Homes suffer slowest rise in value in 15 months

Prices increased 0.1% in May, and Zoopla has predicted that levels of growth will reduce for the rest of the year.

Monthly property sales fell in April for the first time since the end of the stamp duty holiday

The giddy heights reached in the last decade may merely increase the size of the fall

Buyers had been rushing to make the most of a stamp duty holiday in March last year, meaning sales were bunched up.

Buyers had been rushing to make the most of a stamp duty holiday in March last year, meaning sales were bunched up.