UK house prices hit record high but rise by least in 3 months, Halifax says
- Average house prices in the UK reached a record high of £293,999 in October, rising 0.2 percent from the previous month, according to Halifax.
- Halifax reported an annual price growth of 3.9 percent in October, which is a slight decrease from 4.6 percent in September.
- The relief on stamp duty thresholds will expire at the end of March next year, prompting potential buyers to conclude purchases before the deadline.
32 Articles
32 Articles
Average House Prices Reach Record High in October: Halifax
Average house prices reached a record high in October, though borrowing costs continue to pose a challenge for many buyers, market data suggest. The average property price edged up 0.2 percent last month to £293,999, exceeding the previous peak of £293,507 recorded in June 2022. This marks the fourth consecutive month of rising house prices, even as the economic climate remains challenging, with inflationary pressures and high borrowing costs af…
House prices reach record highs - but it might not be for long
House prices have hit a record high, new data shows, but this may not last for long following the Budget. The price of a typical house has hit a new record high of £293,999, according to data from Halifax. It found that house prices rose by 0.2 per cent in October, putting them above the previous peak of £293,507 hit in June 2022, towards the end of the property-buying flurry at the end of the Covid-19 pandemic. Year-on-year prices are up by 3.…
UK house prices hit record high but rise by least in 3 months, Halifax says
British house prices hit a new record high in October but the 0.2% rise from September was the smallest in three months and demand could remain subdued if interest rates fall only slowly and as taxes on home-buyers go up, mortgage lender Halifax said.
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