Government House Price Index

Government House Price Index

It’s time for another House Price Index. Here are the latest statics concerning house prices in the UK. Below you’ll find insights from RICS UK and Halifax, along with the latest price index from the Government covering August’s activity. “The September 2022 RICS UK Residential Survey results remain indicative of the sales market losing momentum, with the outlook for interest rates and the uncertain macro picture more broadly taking a toll on activity. Indeed, at least in terms of the initial reaction, the impact from the expected rise in mortgage rates over the coming six months is anticipated to outweigh any potential boost from the recently announced cut to Stamp Duty. For the time being, house prices are still edging higher across the country, underpinned by the lack of stock available.