House Prices

Terrance White

A report by Halifax Bank shows that house prices have risen to their highest levels in a year, coinciding with an ease in mortgage rates. Reducing Inflation and a healthier jobs market have helped push property prices up. This news comes as Barratt challenges major housebuilder Redrow in a deal worth £2.5bn. Developers have struggled in the past few years with higher interest rates and an increased construction cost. This could all be about to change; with rates being cut by the reduction of inflation and the easement of the cost of living crisis, the housing market has a newfound confidence.