DailyMail Money: House Prices Are Rising, Yet Growth Pace Is Cooling
Wednesday, 18 September 2024, 11:22
DailyMail Money Insights on House Prices
According to the latest data from the Office for National Statistics (ONS), average property prices have increased by 2.2% to £290,000. This trend indicates a rising market, yet it also reveals a cooling pace of growth previously seen.
Private Rental Market Trends
Furthermore, in August, average monthly private rent was recorded at £1,286. This highlights increasing costs for renters, impacting household budgets.
Key Takeaways from DailyMail Money
- House prices are still on the rise.
- The growth pace is slowing, suggesting market adjustments.
- Understanding these shifts is crucial for financial planning.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.