Property News · November 7, 2023

UK house prices rise for first time since March amid supply shortages


Market likely to fall in short term amid high interest rates and living cost pressures, says HalifaxBusiness live – latest updatesUK house prices rose last month after a run of six monthly falls as sellers adopted a cautious attitude, leading to a shortage of homes on the market.The average price of a property rose to £281,974 in October, up 1.1% from September, an increase of almost £3,000 and the first time prices have risen since March. Compared with October last year, prices fell 3.2%, smaller than the annual decline of 4.5% in September. Continue reading…

Source : theguardian.com
Read more…UK house prices rise for first time since March amid supply shortages