UK house prices reached a two-year high in August at £292,505, a 4.3% annual increase (Halifax).
UK house prices hit a two-year high of £292,505 in August, marking a 4.3% annual increase, as reported by Halifax. This growth follows a reduction in the Bank of England's interest rate to 5%, enhancing buyer confidence. Notably, Northern Ireland and Wales saw the highest annual increases at 9.8% and 5.5%, respectively. However, despite the positive trends, affordability remains a concern for many potential buyers facing elevated mortgage costs.
September 06, 2024
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