House Price Bounce: A Fleeting Reprieve or a New Trend? The UK housing market has finally broken its three month losing streak, with house prices rising 0. 2% in August according to Nationwide.
This minor increase may seem insignificant, but it's worth examining the underlying factors driving this brief respite from the downward trend.
One key factor at play is the pending decision by the Bank of England's monetary policy committee on interest rates.