House Price Growth at 2-Year High After BoE Cut

From Morningstar: 2024-09-06 05:38:00

UK house prices saw a 4.3% year-on-year increase in August, the fastest growth since November 2022. Average price rose to £292,505, with Northern Ireland leading with 9.8% growth. Bank of England cut interest rates to 5.00% on August 1, leading to mortgage rate cuts from major lenders such as NatWest and Barclays.



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