July 4, 2024

UK inflation rate falls to 2.3% and house prices remain stable according to the latest Ulster University’s House Price Index.

Housing experts quantified that this is due to several factors:

Aided by the reduction in mortgage interest rates from the second half of 2023.
An increase in consumer confidence due to the more settled mortgage environment.
A rise in buyer enquiries over the first quarter of 2024, with expectations of ongoing demand likely to outpace supply.