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Average UK house price reached a new high in February, says Halifax
Average UK house price rose 1.3% annually to £301,151 in February, supported by demand from first-time buyers and a 6% increase in housing supply, Halifax said.
- In February, Halifax's index showed the average UK house price hit 301,151, with a 0.3% month-on-month rise and 1.3% annually, Bryden said.
- Tom Bill said demand was fueled by first-time buyers and families upsizing, while the market regained momentum after a softer end to 2025, with around 6% more homes on the market than a year ago.
- Several lenders raised mortgage rates this week, with HSBC UK and Nationwide Building Society increasing some rates on Friday after swap rates climbed amid Middle East tensions, reducing near-term Bank of England cut expectations.
- Propertymark said average values stayed above the 300000 mark, reinforcing market resilience as house hunters remain undeterred despite some lenders raising rates.
- With rate-cut hopes fading, markets now expect a gradual path for reductions, while a prolonged Middle East conflict could delay cuts, raise inflation, and weigh on prices.
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Trouble in the Gulf threatens housing market recovery
by Joe Nellis (MHA) The February reading of the Halifax House Price Index suggests UK house prices grew by only 1.3% year-on-year, consistent with the slow and steady trend of recent months. Price growth remains lower than it has been since mid-2024, but lower borrowing costs and cooling inflation should encourage house prices to rise again throughout 2026. However, this recovery could be undermined by the long-term effects of the conflict in th…
Coverage Details
Total News Sources12
Leaning Left2Leaning Right2Center1Last UpdatedBias Distribution40% Left, 40% Right
Bias Distribution
- 40% of the sources lean Left, 40% of the sources lean Right
40% Right
L 40%
C 20%
R 40%
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