Connect with us

Hi, what are you looking for?

Top Stories


House Prices Rise for Second Month in a Row

<?xml encoding=”utf-8″ ?????????>

After a surprising fall in house prices last month, economists have indicated that it was merely a temporary setback and expect prices to continue rising throughout the year.

Despite a 0.2% decline in March, home values had previously risen in both January and February, showing an overall positive trend. House prices across the UK are currently 1.6% higher than they were a year ago, representing the strongest year-on-year growth since December 2022.

According to Nationwide, the average price of a house in the UK is now £261,142, with economists predicting that prices will end the year significantly higher than they started. Although March saw a decline, economists believe it to be a “blip” and expect prices to resume their upward trajectory.

Factors contributing to the fluctuation in house prices include changes in mortgage rates and the demand-supply dynamics in the housing market. While mortgage rates have seen fluctuations, they remain relatively low compared to previous peaks, prompting activity in the housing market.

However, regional variations persist, with prices in the north continuing to rise while the south experiences declines. The north-south divide in the housing market is becoming more pronounced, with prices in the south struggling compared to the north.

Overall, economists believe that the housing market will continue to see growth, with activity expected to gain momentum over the rest of the year. Factors such as interest rates and regional dynamics will heavily influence the pace and direction of this growth. Despite temporary setbacks, the general trend suggests a positive outlook for the housing market.

You May Also Like


As the world seeks sustainable and energy-efficient solutions for heating and cooling, the heat pump market is experiencing a significant surge. According to the...


The introduction of aggressive climate objectives by global economies and growing prospects for reducing carbon emissions are driving the growth of the district heating...


In the dynamic automotive sector, consistent growth of the electric vehicle (EV) charging industry has become increasingly evident. Consumers and businesses alike are recognizing...


With a higher focus on sustainable living in modern architecture, the building automation systems (BAS) industry stands as a beacon of innovation. These systems...

Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 Secrets Of Richdads. All Rights Reserved.