As Mortgage Rates Dip, UK House Prices Are Rising Again
Lower interest rates are encouraging more activity in the UK property market.
Estate agents are getting busy again.
Photographer: Jason Alden/BloombergWelcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
Asking prices for UK properties hitting the market for the first time surged in September. They usually surge in September (‘tis the season to be flogging your home), but they surged by more than usual, according to the latest Rightmove index.