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UK house prices rise by most since November 2024, Halifax says
Average UK house prices rose 0.7% in January, the largest monthly increase since November 2024, with annual growth of 1.0% driven by falling mortgage rates and rising wages.
- In January, Halifax reported the average UK house price topped 300000 pounds after a 0.7% rise, reaching 300077 and annual growth to 1.0%, Halifax said.
- Higher interest rates and stretched affordability have kept price growth muted since the coronavirus pandemic peak, while wage growth has outpaced property inflation since late 2022.
- Mortgage-Market indicators show more deals below 4%, while Halifax's regional breakdown shows uneven performance—London at 538,600 and North West at 244,329; recent weeks saw rates pushed higher, Halifax said.
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UK house prices rise by most since November 2024, Halifax says
British house prices rose by the most in more than a year in January, mortgage lender Halifax said on Friday, adding to signs of a recovery in the housing market after finance minister Rachel Reeves' budget in late November.
·United Kingdom
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Evening Standard+6 Reposted by 6 other sources
Average UK house price rises above £300,000 for first time – Halifax
Property values jumped by 0.7% month-on-month typically in January, Halifax said.
·London, United Kingdom
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Coverage Details
Total News Sources28
Leaning Left5Leaning Right1Center7Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 38%
C 54%
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