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Cost of a home at record high but budget could hit sales, says Halifax

November 08, 2024

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The Guardian

The average price of a home in the UK is at a record high, but demand could slow as a result of policies in Rachel Reeves' budget, says Britain's biggest mortgage lender.

- Jack Simpson

Cost of a home at record high but budget could hit sales, says Halifax

Halifax's monthly house price index found that the cost of the average home hit £293,999 in October, the highest ever recorded, outstripping £293,507 reached in June 2022.

The 0.2% rise in October is the fourth consecutive month of growth and brought the annual growth rate to 3.9%, from 4.6% in September.

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