Housing Market 2024 News Uk. Uk mortgage approvals beat expectations in february to hit their highest in 17 months, according to official data that reflects the fall in borrowing costs since the middle. Forecasts unaffected by the general election and interest rate cut but october’s budget and the renter’s reform bill.

Developers and local authorities have failed to keep up with population growth and the pace of building. What’s happening with mortgage rates and are homes gaining or losing value?