UK house prices rise to record high

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In January 2012, the average price of the British house rose than a new record is expected to ensure that it is an approach to the nearby end of the property tax.

After the decline of 0.2 percent of December, the prices of the house increased by 0.7%, and the average cost of 299,138 pounds reached 299,138 pounds.

The ascent was much stronger than the 0.2% increase in economists surveyed by Reuters.

However, the annual prices increased slightly to 3%, below 3.4 percent of the previous month.

Amanda Bryden, mortgage overhead HalifaxIn fact, the British housing market “started the year with a positive note”.

“Accessibility is still a challenge, many for buyers, but market flexibility is significant. There is a great demand for lending mortgage and growth, “he said, adding that buyers may be completed for the first time.

In April, among other changes, the first time buyers will start paying the seal fee through £ 300,000 via £ 425,000. This comes at the end of the temporary stamp fee in the October budget.

Bryden said that despite geopolitical uncertainties and weakening the consumer confidence, the property market supported the latest interest rate cuts and faster salaries from inflation.

Thursday, Bank of England Cut its policy rate by a quarter of a quarter of a percentage point to 4.5 percent, the lowest level from June 20 2023. It was the third since August last year.

Bower Deputy Dave Rampsden noted that the gradual reduction of interest rates feeds in a mortgage pace, supporting demand.

“We believe that the housing market is collected,” he said after Thursday.

Until the summer of 2023, the mortgage rates were given at the end of last year and remain higher than in 2021, before the BOE began to raise the costs of borrowing expenses from historical sites.

Friday figures are contrasted with a separate mortgage lender data, which shows the prices of the house only 0.1 percent, slowening of growth.

HALIFAX has a larger sample than a national, about 15,000 deals, compared to 12,000, and focusing on the northern regions that can cause short-term differences.

However, like the nationally and Halifax show that the prices of houses have risen during the epidemic, then fell as mortgage rates in the past two years, and were restored in 2024.

In January, the average house was 25 percent higher than in February 2020 until Halifax.

The lendency noted that Northern Ireland continued to increase the price of the strongest property in Great Britain, despite 5.9 percent in January, and 7.3 percent of December.

London maintained the highest average price in the UK, 548,288 pounds, earlier one year ago.