Our latest housing market forecast is updated monthly based on our expert analysis of official land registry data. Housing Market Update "The housing market is in full swing with a hub of activity from first-time buyers. I predict stamp duty will play a massive part in the autumn budget, especially around the extension of the first-time buyer relief."   Key Takeaways for September 2024 5-year mortgage fall to 4.3%, the lowest level seen in the last 2 years. May sales volume 33% lower than last year at 31,645 sales in England and Wales. HMRC's estimate for UK residential property transactions in August is 10% higher than last year (non-seasonally adjusted). Average house prices in England and Wales grew by 2% versus last year for July 2024 to £301,172. I expect to see stamp duty changes in the budget. Overpricing your home by 5% slows down the sale of your home by up to 6 weeks. The average price of a newly built home costs £444,504 in May 2024, up 25% on May 2023. UK Finance states the housing market needs reform. You can read our full analysis and predictions for the rest of the year here: Latest Housing Market Report