Huddersfield has emerged as the UK’s house price hotspot in 2023, with an average increase of 8.7%, according to Halifax.
The West Yorkshire town saw its average property value rise by £22,137 to £253,301 over the year
Halifax, the UK’s leading mortgage lender, is forecasting a steeper drop in house prices for 2024 than was seen this year, ranging from 2% to 4%.
In 2023, the average house price was £283,615, only 1% lower than 2022
House prices in the UK increased by 0.5% in November, the second consecutive monthly rise, the Halifax house price index reveals.
The average price of a home now stands at £283,615, which is £40,000 higher than before the pandemic.
The UK’s house prices rose by 1.1% in October to end a six-month slump of price falls.
However, the Halifax house price index reveals that prices are still down by 3.2% in the year to September.
The average house is now worth £281,974 –
The UK’s housing market showed further signs of cooling in September with the sixth consecutive monthly fall, Halifax says.
The average house price fell by 0.4% month-on-month, and the annual rate of house price growth also slowed to -4.7%
After a strong performance in March, the UK’s annual house price growth was just 0.1% in April, Halifax reports.
Its house price index highlights that three months of growing prices have come to an end after March’s 1.6% rise.
The UK’s average house price grew by 0.8% in March, the second month running that prices have picked up after February’s 1.2% rise, Halifax says.
However, the lender says that the annual rate of house price growth continues to slow and was …
Homeowners are nearly £500 better off a year than a renter, research from Halifax reveals
It says that the monthly cost of owning a home for first-time buyers is now £971, on average.
That is £42 or 4% cheaper than the cost of renting an equivalent pro…
The UK’s house prices showed an unexpected increase of 1.1% in February from January’s price, says Halifax.
The bank highlights that a typical property costs £285,476 – up from January’s average price of £282,360.
However, the r…
The UK’s house prices slipped by 2.3% in November which is the biggest monthly fall since October 2008, the Halifax house price index reveals.
The bank’s figures show that the annual rate of house price growth has fallen from October’…
The average house price in the UK fell by -0.4% in October – the third price drop in four months, Halifax data reveals.
Prices fell by -0.1% in September and the annual rate of growth has now fallen to +8.3%
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