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Published 12 days ago

UK house prices inch higher in April, Halifax says

  • Average house prices have stabilized in early 2024, with property values growing annually by 1.1%, an increase from 0.4% the previous month, noted by Amanda Bryden, head of mortgages at Halifax.
  • The housing market is adapting to higher interest rates, resulting in increased confidence among homebuyers despite borrowing costs being higher.
  • Mortgage activity and demand have improved, as shown by a rise in mortgage applications and approvals hitting an 18-month peak in the industry.
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