House prices are beginning to rise for the first time in nearly two years as market activity increases, according to surveyors.
The Royal Institution of Chartered Surveyors (Rics) reported that price growth moved into positive territory last month for the first time since October 2022.
A net balance of 14 percent of property experts expect a steady increase over the next three months. Many lenders have recently reduced their mortgage rates, following the Bank of England's recent cut to the base rate.
The number of house hunters also increased in August, with a net balance of 15 percent of professionals noticing an improvement in this survey indicator, up from a balance of 4 percent in July.
Read more on manchestereveningnews.co.uk