Monthly cost of buying a home up 78% since 2019 – e.surv

Buyer demand stayed resilient but buyers have become more selective and price sensitive, with affordability pressures shaping the market.

Rob Owens, head of research at e.surv, said: “The gap between house price growth and buying costs helps explain much of the market’s recent behaviour. 

“The impact is being felt through affordability rather than activity, with buyers increasingly constrained by borrowing costs and therefore more selective on price. 

“Properties that are closely aligned to local budgets continue to attract interest, while those that stretch affordability are more likely to see longer selling times or price adjustments.”