Average UK house price £3,600 higher since the beginning of 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 28 2024
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Source: Yahoo Finance
Current UK Housing Market Trends: The average cost of a UK home rose to £266,400 in July, marking a 1.4% increase since the start of the year, with buyer demand significantly higher compared to last year despite recent interest rate cuts by the Bank of England.
Market Dynamics and Seller Caution: With a seven-year high in housing supply, sellers are advised to price their homes carefully as overpricing can lead to longer selling times; notable regional increases in house prices were observed in Belfast and Manchester, while London saw only a slight rise.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
