{"id":84316,"date":"2023-05-22T13:27:00","date_gmt":"2023-05-22T09:27:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=84316"},"modified":"2023-05-22T14:27:52","modified_gmt":"2023-05-22T10:27:52","slug":"uk-house-prices-hit-new-high-in-may-as-confidence-returns","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/uk-house-prices-hit-new-high-in-may-as-confidence-returns\/05\/22\/market-updates\/","title":{"rendered":"UK house prices hit new high in May as confidence returns"},"content":{"rendered":"\n<p>UK house prices hit a new record high in May as the housing market continued to defy pessimistic forecasts at the start of the year, figures showed.<\/p>\n\n\n\n<p>Rightmove&#8217;s house price index showed the average price of property coming to market jumped by 1.8%, \u00a36,647, to set a new peak of \u00a3372,894 as sellers responded with increased pricing confidence.<\/p>\n\n\n\n<p>The 1.8% monthly increase is the biggest of the year so far, and significantly higher than the historic average May rise of 1.0%, Rightmove said.<\/p>\n\n\n\n<p>Tim Bannister, Rightmove&#8217;s director of property science, suggested one reason for this increased confidence &#8220;may be that the gloomy start-of-the-year predictions for the market are looking increasingly unlikely&#8221;.<\/p>\n\n\n\n<p>&#8220;What is much more likely is that the market will continue to transition to a more normal activity level this year following the exceptional activity of the pandemic years,&#8221; Bannister said.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>UK house prices hit a new record high in May as the housing market continued to defy pessimistic forecasts at the start of the year, figures showed. Rightmove&#8217;s house price index showed the average price of property coming to market jumped by 1.8%, \u00a36,647, to set a new peak of \u00a3372,894 as sellers responded with &hellip;<\/p>\n","protected":false},"author":9,"featured_media":35095,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6940,6835],"class_list":["post-84316","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-house-prices","tag-uk"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/84316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=84316"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/84316\/revisions"}],"predecessor-version":[{"id":84317,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/84316\/revisions\/84317"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/35095"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=84316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=84316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=84316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}