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House prices continued to rise in August, Halifax data shows

6 September 2024
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House prices continued to rise in August, Halifax data shows
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House prices in the UK increased by 4.3% in August compared to the previous year, with the average property costing £292,505, marking the strongest annual growth since November 2022. The rise is attributed to improved economic conditions and lower interest rates, leading to increased buyer confidence and mortgage approvals. While some regions are experiencing faster growth, affordability pressures are impacting first-time buyers, prompting them to broaden their property search to areas like Manchester and Slough where homes are more affordable.

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