The average house price rose by +0.4% in February, the fifth monthly rise in a row says Halifax. The lender’s latest data shows that property prices were +1.7% higher than a year ago, slowing from +2.3% in January. A typical UK home now costs £291,699, around £1,000 more than last month. However, these figures continue to suggest a relatively stable start to 2024 and align with other promising signs of increased housing activity, such as mortgage approvals..
Halifax also notes that the average price tag of a home is now only around £1,800 off the peak seen in June 2022. It is encouraged that growth has been seen in recent months, but what happens next remains uncertain. Although lower mortgage rates, alongside expectations of Bank of England interest rate cuts this year, should help buyer confidence in the short term, the downward trend on rates is showing signs of fading.
Our award-winning sales team look forward to helping you make your moving experience stress-free.
Arins Property Services - selling & letting homes in Wokingham, Lower Earley, Tilehurst, Reading and Winnersh since 2009.
Share:
We’ve seen exceptional demand from buyers and tenants alike as summer is in full swing. As we look towards the autumn, we believe prices...
A selection of our featured properties for sale
A selection of our featured properties to let
Register today for property updates
Register
60 - second instant online valuation
Get a valuation
Winnersh Triangle,
Building 220, Wharfedale Road,
Wokingham, Berkshire, RG41 5TP
2
2
1
10