The Hometrack UK House Price Index analyses housing market trends at a city level on a monthly basis – across 20 cities, plus regions, and nationally.
Executive summary
- Annual house price inflation is -0.2%, unchanged from February
- Prices broadly static but sales volumes are up 12% year-on-year
- 64% of homes in markets with price falls, down from 82% last October
- Higher mortgage rates continue to impact buying power
- Annual mortgage costs for buyers are 61% higher than 3 years ago – two thirds down to higher rates and one third due to higher prices
- Buyers in Southern England face greatest impact, compounded by stamp duty and other costs, which will keep price inflation in check
- Price inflation split between south and rest of the UK to continue
- The market is on track for 1.1m sales in 2024, up 10% on last year
You can download the latest full report from the Hometrack website.