Halifax reports unexpected rebound in UK house prices for February
According to Halifax, British house prices unexpectedly rose by 1.1% month-on-month in February, which could indicate improvements in consumer confidence and the mortgage market. This contrasts with the recent trend of declining house prices since the onset of the COVID-19 pandemic. However, other housing market indicators have not shown a similar improvement, and another lender, […]
House prices fall fifth consecutive month
Nationwide reveal that the market is unlikely to ‘regain much momentum in the near term’. Property prices have fallen for the fifth consecutive month in January, the most extended successive period since 2009. Nationwide reveal that the average price of a house is now £258,297, down by 0.6% from December. The housing market is slowing […]
How will the Bank of England interest rate hike impact first time buyers?
According to experts, the newest interest rate increase is bad news for first time buyer mortgages The Bank of England has confirmed an interest rate hike of 0.5% to 3.5% in a bid to tackle inflation, which is currently at 10.7%. Buying a house is already a challenge for most, especially those who are first starting […]
House prices fall for the first time in 2022
It’s the August summer holiday season, and the first year that many people have been able to head off on a sunny getaway without the travel restrictions that were put in place during the pandemic. So what has this got to do with house prices? Well, many home-movers tend to put off their moving plans […]