Shortage of homes for sale and ‘race for space’ drove average cost to 282,753 in March, says HalifaxUK house prices hit a record of £282,753 in March but are likely to ease over the next year as homebuyers face higher interest rates and the cost of living squeeze, Halifax has said.The average cost of a home rose by 1.4% on February, according to Halifax’s monthly property index, and is 11% higher than a year ago, the largest annual increase since the 2007 financial crisis. Continue reading…
Source : theguardian.com
Read more…UK house prices hit record high but cost of living crisis likely to cool market
