In December 2023, UK house prices saw an increase for the third consecutive month, according to the Halifax House Price Index, with a notable 1.7% increase from the previous month's -0.8%. This rise defied earlier forecasts and marked a resilient performance of the housing market despite high mortgage rates. The Halifax report indicated a surprising turnaround after seven months of declining prices. The increase in house prices is attributed to a scarcity of available properties paired with weak buyer demand. The current economic climate, characterized by high inflation, makes the prospect of rate cuts challenging, which in turn affects mortgage affordability.
House prices have risen for the third month in a row, according to new figures from Halifax Read more🔗 https://t.co/Z09xrJy6aI
The UK Halifax Home Price Index showed a surprise surge after 7 months of decline, coming in at 1.7% up from -0.8%. This is due to a scarcity of available properties amidst still-weak buyer demand. Higher inflation in the UK makes cutting rates a tough call now so, mortgages… https://t.co/zBcRPH6PVm
UK house prices defy forecasts with gain in 2023, Halifax says https://t.co/o8MZnjIqyt via @tomelleryrees https://t.co/Be68eTrKMD
UK house prices climbed for the third straight month in December, Halifax says, capping off a resilient year in the face of painfully high mortgage rates https://t.co/AUN59am09D
🔴 UK HALIFAX HOUSE PRICES DECEMBER 2023 FULL REPORT https://t.co/A472PK5FXC