What's happening to house prices?

15th November 2023
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House prices have risen considerably in the last couple of years. This is due to the pandemic and previous stamp duty holiday causing a more volatile market.

The land registry's UK House Price index is by far the most reliable source of what is happening to house prices, as it's based on actual sold prcies rather than asking prices. 

The latest figures (September 2023) show the average price of a property in the UK dipped by only 0.1% between September 2022- September 2023. 

In the 12 months prior, house prices soared by 14%, so there has been a marked slowdown in growth over the past year.

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