UK home prices climb higher, surpassing inflation rates

Posted on September 16, 2024   |  

UK house prices are rising faster than inflation.

The share of local authority districts where house price growth exceeds inflation has jumped from 2.8% to 44.2% in the past year.

The UK economy is recovering, and inflation is nearing the Bank of England’s target.

House prices grew by only 0.01% last year, and are now up by 2.73% annually.

6 out of 12 regions in the UK have seen house price growth outpace inflation, with Yorkshire and Humber and Northern Ireland leading.

The number of districts where house price growth beats inflation has increased from 10 to 159.