- Prior +1.1%
UK house prices rose for a fourth month in a row, with the average cost of a home now seen at £291,029. Of note, property prices are up 2.5% on an annual basis, its highest since January last year. Halifax notes that:
“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.”
This article was originally published by Forexlive.com. Read the original article here.