Halifax house prices index7 Mar 2024 08:36
House prices rise for fifth consecutive month
• Average house prices rose by +0.4% in February, the fifth monthly rise in a row
• Property prices grew +1.7% on an annual basis (vs +2.3% last month)
• Typical UK home now costs £291,699, around £1,000 more than last month
• Eastern England saw most downward pressure on house prices
Kim Kinnaird, Director, Halifax Mortgages, said:
“UK house prices rose for the fifth consecutive month in February, up by +0.4% or £1,091 in cash
terms, with the average house price now £291,699.
“On an annual basis, house prices were +1.7% higher than a year ago, slowing from +2.3% in
January. 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.
“In fact, the average price tag of a home is now only around £1,800 off the peak seen in June 2022.
While it is encouraging that we’ve seen growth in recent months, what happens next remains
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