US EditionHouse Prices Resilient Despite Economic Uncertainties
UNITED KINGDOM, AUG 7 – House prices rose 0.4% in July, driven by falling mortgage rates and higher borrowing limits, while Northern Ireland saw 9.3% annual growth, the fastest across UK regions.
- Today, Halifax reported UK house prices rose by 0.4% in July, marking the strongest monthly increase since the start of the year.
- Recently, Rachel Reeves backed moves by mortgage lenders to loosen lending rules, and Halifax said falling mortgage interest rates and higher borrowing limits drove price gains.
- Across regions, Northern Ireland’s annual growth reached 9.3%, Scotland’s prices rose 4.7% to �215,238, and London’s average price stands at �539,914.
- Despite price gains, Amanda Bryden, Head of Mortgages at Halifax, noted challenges remain for prospective purchasers even as affordability gradually improves.
- Ahead of that rate decision, house prices are forecast to make modest gains through the rest of the year, according to the outlook.
Insights by Ground AI
Does this summary seem wrong?
26 Articles
26 Articles
Bournemouth Echo+16 Reposted by 16 other sources
UK house prices rise at the fastest rate in six months in July, Halifax says
Halifax said on Thursday house prices were 2.4% higher compared with July last year
·Bournemouth, United Kingdom
Read Full Article
UK House Prices Rise Most in Six Months, Halifax Says
UK house prices rose at the fastest pace since the start of the year, suggesting that the market is stabilizing after the expiry of a tax break discouraged prospective buyers, according to one of the country’s top lenders.
·United States
Read Full Article
Coverage Details
Total News Sources26
Leaning Left1Leaning Right2Center16Last UpdatedBias Distribution84% Center
Bias Distribution
- 84% of the sources are Center
84% Center
C 84%
11%
Factuality
To view factuality data please Upgrade to Premium
