North East house prices rising at sharpest rate in the UK

www.sunderlandecho.com— North East property prices are rising faster than anywhere else in the UK. The latest Land Registry statistics show house prices across the region rose to an average £160,406 in February, a monthly jump of 3.2%, and 2.9% year-on-year. Across England as a whole, prices rose by 0.6 % in February but were down by 1.1% over the previous 12 months. Scotland saw prices fall by an average of 0.6% during February, but that still represented a year-on-year rise of 5.6%. The picture was reversed in...

Bloomberg.com—UK House Prices Fall Again After Mortgage Rates Creep Higher. UK house prices fell at the sharpest pace in eight months after the cost of mortgages crept higher, one of the country’s biggest lenders said.

BBC—UK house prices fall as mortgage costs bite, says Nationwide. The Nationwide says the average cost of a home was down 4% on the peak seen in the summer of 2022.

@cityam—London house prices fall on back of rising mortgages and stamp duty. London buyers are seeing the highest average difference in annual mortgage repayments, rising £7,500 pounds since 2021, the latest reading from property portal Zoopla has shown.