Blog Post

Strongest growth in house price

TomS - Head Tom Simper Sep 11, 2024, 10:00 AM

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

Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"The staff at Peter Anthony could not have been more helpful. The team are well led by Gill."

- Steve

"A great company and great experience."

- Andrew

"Very good estate agency"

- Junaid

"Yaseen was a truly amazing agent."

- Yasuhira Nomura

"Abby was prompt to respond to inquiries and very pleasant"

- Christian

"I deeply appreciate Peter Anthony Estate, especially Abbey, who works here."

- Delar

"Great experience with Peter Anthony! Yaseen Hassan was professional, responsive, and incredibly helpful"

- Samuel Benedict

"I had a viewing with Abbey, so lovely and friendly"

- Amy