UK house prices hit a record high in November, rising 4.8% annually, but affordability remains a challenge.

UK house prices reached a new record high in November, averaging £298,083, with a 1.3% monthly increase and 4.8% annual rise, marking the fifth consecutive month of growth. Northern Ireland saw the strongest annual growth at 6.8%. Despite these gains, experts caution that affordability remains a challenge for many buyers, especially first-time buyers, due to high borrowing costs.

December 06, 2024
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