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Hometrack UK House Price Index – June 2024

by | Jul 11, 2024 | Clients

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.