Why are UK house sales rising in 2024?

Buyer interest is on the rise once more, signalling the emergence of green shoots in the UK’s property market. House sales in the first six weeks of 2024 are 16 per cent higher than over the same period last year, and three per cent higher than pre-pandemic. According to the latest reading from Rightmove, house prices rose by 0.9 per cent in February to £362k. In London, house prices still remain the most expensive throughout the UK, with the cost of a property up 2.8 per cent to £682k. Average house prices are also up by 0.1 per cent compared to last year, following annual falls in every month since August 2023. Read the full story here ⬇️ https://www.cityam.com/house-sales-surge-as-green-shoots-emerge-in-property-market/ Get more of City A.M. ⬇️ 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: http://www.linkedin.com/company/cityam #housingmarket #property #mortgage #mortgagerates #houseprices #houseprices #interestrates #inflation #recession #costofliving #costoflivingcrisis #rightmove #uknews