image credit: Pexels

ONS House Prices Index: property market ‘resilient’ despite high mortgage rates

June 19, 2024

Via: MoneyWeek

Growth in UK house prices remained steady in April despite rising mortgage rates, the latest Office for National Statistics (ONS) and Land Registry House Price Index (HPI) has found.

Provisional estimates show that average house prices grew 0.3% month-on-month (non-seasonally adjusted) to £281,000. This figure was £3,000 (1.1%) higher than April 2023. The HPI has revised down March’s data from its provisional estimate.

Read More on MoneyWeek