House prices ‘held steady’ in April, according to Halifax

By Olivia Barber2024-05-07T11:06:00

Halifax expects that a reduction in the Bank of England’s interest rate later in the year would contribute to a moderate increase in house prices

The average house price rose by 0.1% or less than £200 in cash terms to £288,949 last month, compared to £287,244 at the start of the year.

The latest Halifax house price index, published today, also indicated that average house prices have increased by 1.1% year-on-year.

However, the bank said the increase could be attributed to weaker price growth around this time last year.

Login or Register for free to continue reading Housing Today

Already registered? Login here

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Sign up below to receive:

It takes less than one minute….

… or subscribe for full access - Subscribe now