RE: Undervalued... Barratt pays 27% premium for Redrow7 Feb 2024 08:04
Figures released earlier by Halifax showed that house prices rose in January for the fourth month in a row, as mortgage rates fell.
House prices were up 1.3% on the month following a 1.1% increase in December 2023.
On the year, prices rose 2.5% in January following a 1.8% jump the month before. This marked the highest annual growth since January 2023.
The average UK home now costs £291,029, up from 287,244.