In August 2024, the housing market in the UK saw a 20 percent increase in demand and 23 percent increase in the number of agreed sales. New inventory has also increased, with the stock of new homes for sale up by 14 percent and new supply, 12 percent. In 2023, house prices slightly declined, as the market cooled under the impact of soaring interest rates and worsened homebuyer sentiment.
Percentage change in housing supply and demand in the United Kingdom (UK) as of August 2024, by characteristic
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Hometrack. (August 28, 2024). Percentage change in housing supply and demand in the United Kingdom (UK) as of August 2024, by characteristic [Graph]. In Statista. Retrieved October 12, 2024, from https://www.statista.com/statistics/1247183/housing-demand-supply-change-united-kingdom-uk/
Hometrack. "Percentage change in housing supply and demand in the United Kingdom (UK) as of August 2024, by characteristic." Chart. August 28, 2024. Statista. Accessed October 12, 2024. https://www.statista.com/statistics/1247183/housing-demand-supply-change-united-kingdom-uk/
Hometrack. (2024). Percentage change in housing supply and demand in the United Kingdom (UK) as of August 2024, by characteristic. Statista. Statista Inc.. Accessed: October 12, 2024. https://www.statista.com/statistics/1247183/housing-demand-supply-change-united-kingdom-uk/
Hometrack. "Percentage Change in Housing Supply and Demand in The United Kingdom (Uk) as of August 2024, by Characteristic." Statista, Statista Inc., 28 Aug 2024, https://www.statista.com/statistics/1247183/housing-demand-supply-change-united-kingdom-uk/
Hometrack, Percentage change in housing supply and demand in the United Kingdom (UK) as of August 2024, by characteristic Statista, https://www.statista.com/statistics/1247183/housing-demand-supply-change-united-kingdom-uk/ (last visited October 12, 2024)
Percentage change in housing supply and demand in the United Kingdom (UK) as of August 2024, by characteristic [Graph], Hometrack, August 28, 2024. [Online]. Available: https://www.statista.com/statistics/1247183/housing-demand-supply-change-united-kingdom-uk/