Reported 2 months ago
UK house prices have increased for the third consecutive month, reflecting a stabilizing market despite the highest borrowing costs in 16 years. Nationwide Building Society reported a 0.3% rise in July, following a 0.2% increase in June, contributing to an annual price increase of 2.1%. With ongoing mortgage approvals around 60,000 per month, experts believe that potential interest rate cuts from the Bank of England could further boost buyer confidence and activity in the housing sector.
Source: YAHOO