UK Property Market Rising, But For How Long?

The UK property market shows resilience as house prices hold steady amidst the soaring cost of living. Rightmove reports record asking prices, while the Office for National Statistics (ONS) reveals a 5.5% year-on-year rise. However, price growth is slowing, with varying views from lenders Halifax and Nationwide. Rents are outpacing the cost of living, with an annual increase of 4.9%, according to the ONS.