UK House Prices Soar! August Sees Biggest Rise Since 2022 | Most Viral Today
[gpt3] Expand UK house prices are climbing once again! In August, the average price hit £292,505, just shy of the 2022 record. With a 0.3% rise in August alone and a 4.3% increase year-on-year, the housing market is booming. So, what’s fueling this surge? Lower mortgage rates are making buying more accessible, and with further cuts from the Bank of England on the horizon, the market might get even hotter. Halifax’s Amanda Bryden describes this as a “largely positive summer,” with mortgage approvals at a two-year high. However, affordability remains a concern for first-time buyers. Will prices break the 2022 record soon? Watch to find out how these trends could impact you!
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