UK Housing Market Gains Momentum After BOE Rate Cut, RICS Says
A completed home at a Bellway housing estate in Middlesbrough, UK.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
The UK housing market is showing signs of picking up after the Bank of England cut interest rates, according to the Royal Institution of Chartered Surveyors.
Buyer demand and sales rose in August, with estate agents anticipating a further improvement in the final quarter of the year. Meanwhile, a gauge of annual house-price growth turned positive for the first time since October 2022.