Tag: House Prices

UK house prices rise for the second month in a row Kim Kinnaird, Director, Halifax Mortgages, said: “UK house prices rose for the second month in a row, up by +0.5% in November or £1,394 in cash terms, withthe average house price now sitting at £283,615. Over the last year, despite the wider economic headwinds,property Read more

UK house prices rise in October, ending run of six consecutive monthly falls Kim Kinnaird, Director, Halifax Mortgages, said: “UK house prices rose in October, up +1.1% on a monthly basis, breaking a run of six consecutive monthly falls. The average house price is now £281,974 – an increase of almost £3,000 compared to the Read more

UK house prices fell again in September, but pace of monthly decline slows • Average house price fell by -0.4% in September, compared to -1.8% in August• Property prices dropped by -4.7% on an annual basis (vs -4.5% last month)• Typical UK home now costs £278,601, around the level seen in early 2022• Property prices Read more

UK house prices fell in August as impact of higher rates flows through • Average house price fell by -1.9% in August, the largest monthly fall since November 2022• Property prices dropped by -4.6% on an annual basis, from -2.5% in July, though prices were at a record peak last summer• Typical UK home now costs £279,569, down Read more

Slight monthly fall in property prices but housing market displays resilience • Average house price fell by -0.3% in July, a fourth consecutive monthly decline• Property prices dropped by -2.4% on an annual basis• Typical UK home now costs £285,044 (vs peak of £293,992 last August)• Market displaying some resilience with industry data showing increased Read more

House prices edge down as market cools amid higher interest rates • Average house price fell by -0.1% in June• Annual rate of house price growth fell to -2.6%• Typical UK property now costs £285,932• New build prices more resilient compared to existing homes• Southern England sees most downward pressure on property prices Read the Read more

UK house prices flat in May as annual growth turns negative • Average house price remained flat (0.0%) in May• Annual rate of house price growth fell to -1.0%• First annual decline in house prices since December 2012• Typical UK property now costs £286,532• Detached properties continue to post modest house price growth• House prices Read more

UK house prices see continued growth in February 2023, according to the latest House Price Index report from Halifax. The average price of a UK home increased by 1.1% over the month, marking the ninth consecutive month of growth. While the property market remains strong, Halifax notes that ongoing economic uncertainty could lead to a Read more