Executive summary
- UK house prices unchanged over the last 12 months
- Prices rising across all areas over last quarter. Annual rate of price inflation remains negative across southern England, rising elsewhere
- Home buyers and sellers largely undeterred by election campaign
- Demand (6%) and sales agreed (8%) both higher than last year
- 75% of the 1.1m sales projected for this year are either complete or in the sales pipeline
- We calculate UK house prices are currently 8% ‘over-valued’ and by end of 2024 prices will be ‘fairly valued’
- UK house prices on track to be 1.5% higher over 2024
