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Annual inflation has cooled to a five-month low and the stamp duty holiday has been tapered out, yet house prices defy predictions.

So what’s next for the property market and house prices across the UK?

Rightmove, which lists properties of 90% of estate agents, said the first six months of the year had been the busiest it had recorded since 2000, pushing up the average price of homes coming on to the market in England, Wales and Scotland to £338,447 – an increase of £21,389, or 6.7%, since the beginning of 2021.

Do you have a vacant commercial property? Subject to use class, we want to make an offer to buy your vacant commercial property. For more information please get in touch!

The pandemic has reversed a six-year trend which now makes it cheaper to rent than buy. A year ago, lenders were either increasing rates or withdrawing higher LTV mortgages. It’s likely the balance will swing back towards buying, but this could be offset by rising house prices!