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House prices at new high ahead of stamp duty change, says Halifax

February 7, 2025
in Business
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House prices at new high ahead of stamp duty change, says Halifax
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London remains the most expensive place in the UK to buy a house, with the average property there costing £548,288, up 2.8% from a year earlier.

Properties in Northern Ireland saw the strongest annual price rise of 5.9%, with an average property now at £205,473.

House prices in Wales rose 3.6% compared to last year, with property values averaging £227,397.

In England, the North East replaced the North West as the region with the strongest annual price growth, with values increasing by 5.2% to £178,696.

Scotland saw a lower rise in house prices overall, up 2.4%, with properties now costing an average of £210,690.

Halifax’s house price data is based on its own mortgage lending, which does not include buyers who purchase homes with cash, or buy-to-let deals. Cash buyers account for about a third of housing sales.

Credit: Source link

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