UK House Prices Rise for Second Consecutive Month

Despite recent increases, prices remain 1% lower than last year, with economic uncertainties expected to pressure the market in 2024.

UK house prices rose for the second month in a row in November, according to Halifax, the UK's biggest mortgage lender.
Prices rose by 0.5% in November, the second increase in a row, with the average property costing £283,615.
Despite the increase, prices are still 1% lower than in November last year.
Recent figures for mortgage approvals suggest a slight uptick in activity among buyers as the cost of home loans eases.
However, Halifax warns that the market will remain under pressure in 2024 due to economic uncertainties.