Our South West London office network

East Sheen office
361 Upper Richmond Road West
East Sheen SW14 8QN

T 020 8876 4567

Kingston office
43 Richmond Road
Kingston upon Thames KT2 5BW

T 020 8549 9449

Richmond office
15 Sheen Road
Richmond TW9 1AD

T 020 8940 1575

Teddington office
35 High Street
Teddington TW11 8ET

T 020 8977 8118

Twickenham office
46-48 Heath Road
Twickenham TW1 4BY

T 020 8744 0595

Meaningful pick up in sales volumes reported

Posted 2 months ago.
Meaningful pick up in sales volumes reported
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Meaningful pick up in sales volumes reported

A largely stable trend in property market activity has been reported in the RICS July Residential Survey. Supported by the modest easing in mortgage interest rates in recent weeks, the report shows there has been a meaningful pickup in sales volumes moving forward.

New buyer enquiries and agreed sales also both held steady in July anticipating a pickup in sales volumes moving forward says RICS. Halifax has recorded UK house prices rising by 0.8% in July while annually growth rose to +2.3%, the highest rate since the start of this year. The average house price in the UK is £291,268, up over £2,200 compared to the previous month.

Meanwhile, the ONS has recorded the average house price for England was £305,000 in June 2024, up 2.4% (£7,000) from a year earlier. This annual rise was lower than in the 12 months to May 2024 (2.5%).