First-time buyers targeting smaller properties, with flats closing ‘growth gap’ on houses, says Halifax
House prices in the UK were steady in April after falling in March, as higher mortgage rates prompt first-time buyers to go for smaller properties, according to the mortgage lender Halifax.
The price of a typical home rose by less than £200 last month to £288,949, a 0.1% monthly gain, compared with a 0.9% drop in March, which was the first decline in six months. On an annual basis, prices rose 1.1% in April, up from March’s rate of 0.4%, largely because there was weaker price growth this time last year, Halifax said.
Continue reading…First-time buyers targeting smaller properties, with flats closing ‘growth gap’ on houses, says HalifaxBusiness live – latest updatesHouse prices in the UK were steady in April after falling in March, as higher mortgage rates prompt first-time buyers to go for smaller properties, according to the mortgage lender Halifax.The price of a typical home rose by less than £200 last month to £288,949, a 0.1% monthly gain, compared with a 0.9% drop in March, which was the first decline in six months. On an annual basis, prices rose 1.1% in April, up from March’s rate of 0.4%, largely because there was weaker price growth this time last year, Halifax said. Continue reading…
