Halifax has just released its latest House Price Index, and the data suggests a ‘positive start to 2024’ — good news for those considering investing in UK real estate.
House prices are still rising, registering a positive growth of 1.3% in January. This constitutes the fourth rise in a row. The market also experienced the highest annual increase since January 2023, growing 2.5%.
This puts the average UK house price at £291,029, up £3924 compared to December 2023.
According to Kim Kinnaird, Director of Halifax Mortgages:
“The recent reduction of mortgage rates from lenders as competition picks up, alongside fading inflationary pressures and a still-resilient labour market, has contributed to increased confidence among buyers and sellers. This has resulted in a positive start to 2024’s housing market.”
