Growth rates driven by shortage of properties on market, says mortgage lender, with typical home worth £287,105
- UK homeowners face £19bn rise in mortgage costs
- UK homeowners fear 2024 mortgage timebomb
- Business live – latest updates
UK house prices rose for a third consecutive month in December amid a shortage of properties on the market, but are forecast to drop this year, according to Halifax.
Britain’s biggest mortgage lender, which earlier this week joined a new year rate-cutting war, said that property prices grew by 1.1% in December, after a 0.6% rise in November and a 1.2% increase in October. A typical home in the UK is now worth £287,105, about £3,000 more than in November.
Continue reading…Growth rates driven by shortage of properties on market, says mortgage lender, with typical home worth £287,105UK homeowners face £19bn rise in mortgage costsUK homeowners fear 2024 mortgage timebombBusiness live – latest updatesUK house prices rose for a third consecutive month in December amid a shortage of properties on the market, but are forecast to drop this year, according to Halifax.Britain’s biggest mortgage lender, which earlier this week joined a new year rate-cutting war, said that property prices grew by 1.1% in December, after a 0.6% rise in November and a 1.2% increase in October. A typical home in the UK is now worth £287,105, about £3,000 more than in November. Continue reading…
