House prices rise for fourth consecutive month

House prices rose for the fourth consecutive month in June, with the average price tag for a home increasing by 2.7%, taking the average cost of a home to £288,000, according to the Office for National Statistics. The market is expected to rebound further this year after the Bank of England cut interest rates for the first time since 2020. However, the rise in the inflation rate in the year to June could dampen buyer confidence. London remains the most expensive region, with average prices up 0.6% annually to £523,134.

Evening Standard (14/08/2024)   Inside Conveyancing (14/08/2024)   The Daily Telegraph (14/08/2024)