Average UK house prices edged down slightly in July, with the monthly fall of -0.3% equivalent to a drop of around £1,000 in cash terms.
For many years, the UK has had one of the strongest property market data infrastructures which has been a key element in the UK being recognised as one of the leading global property markets.
While the Bill has not returned to the Commons for a second reading, the Levelling Up, Housing and Communities Committee has seized the opportunity to question Housing Minister Rachel Maclean and her team from the Department for Levelling Up, Housing & Communities (DLUHC) on the details of the Bill.
The Royal Institutions for Chartered Surveyors (RICS) have expressed a more positive outlook for house prices, despite rising interest rates that are expected to impact buyers’ affordability. RICS’s reported that new buyer inquiries, prices, and expectations for the market were all less negative in May compared to previous months.
